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Fill in the missing amounts in the table below.

This question was answered on Jan 28, 2013. View the Answer
Fill in the missing amounts in the table below.

% Change in Price % Change in Quantity Elasticity
Demand in Soda
at a movie theatre +10% -2% ______

Coffee ______ 10% -.4

One local
Gas Station 20% _____ -2.0

Determine how a 10% increase in price in soda at a movie theatre, coffee, and one local gas station will affect the total revenue collected from the price increase. Show your work.
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Fill in the missing amounts in the table below.docx

Fill in the missing amounts in the table below.
% Change in Price % Change in Quantity Elasticity
Demand in Soda
at a movie theatre +10% -2% ______
Answer:
Elasticity = %change in quantity...

This question was asked on Jan 27, 2013 and answered on Jan 28, 2013.

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