Price elasticity of demand

Price elasticity of demand - 60 80 100 100 120 140 Original...

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Price elasticity of demand = Percentage change in quantity demanded Percentage change in price = %∆Q %∆P = ∆Q/Q ave ∆P/P ave = 60/80 20.16/114.84 = 4.16
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Unformatted text preview: 60 80 100 100 120 140 Original Price Decrease In Supply, Higher Price Increase In Supply, Lower Price Q P Price Elasticity, 4.16...
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