This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: you set up outside the student union every at lunch time. Currently, you are selling hot dogs for a price of $3, and you sell 30 hot dogs a day. You are considering cutting the price to $2. Use the information in the graph to calculate the price elasticity between these two prices on each demand curve. D1 D2 60 q p $3 $2 30 40 10/6/2010 2...
View Full Document