econ._ch._6_hw

econ._ch._6_hw - get elastic demand. The advantage of the...

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Nancy Crawley Ch. 6 Page 200 1.2- The elastic demand price is $2.50. 1.3- The formula is (Q2-Q1) divided by (Q1+Q2) all divided by (P2-P1) divided by (P1+P2). 2 2 You can calculate the price of elasticity demand for each curve would be another way to
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Unformatted text preview: get elastic demand. The advantage of the first method is that you only get one value of the price elasticity of demand between the same two points on a demand curve. 1.9- The price of elasticity of demand for a ps3 is -2.2....
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