50 new point original point 950 d 0 39 41 q price

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Unformatted text preview: inal point 9.50 D 0 . 39 41 Q Price Elasticity of Demand elastic a % change in a product's price causes a greater % change in the quantity demanded unit-elastic a % change in a product's price causes an equal % change in the quantity demanded inelastic a % change in a product's price causes a smaller % change in the quantity demanded Perfectly Inelastic P D1 =0 0 Q Perfectly Elastic P = D3 0 Q Elasticity Along a Straight-Line Demand Curve Price (dollars per pizza) 25.00 20.00 15.00 12.50 10.00 5.00 0 10 20...
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This document was uploaded on 03/14/2014.

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