If price declines from $450 to $350 and, as a result, quantity demanded increases from 1200 to 1500, price elasticity of demand is
q2 Following a decrease in price from $1.90 to $1.50, the weekly demand for a magazine increases from 100,000 to 120,000 copies. The price elasticity of demand for magazines in this range is?
q3When the price of candy bars increased from $.45 to $.55 the quantity demanded changed from 21,000 per day to 19,000 per day. In this range the price elasticity of demand for candy bars is?:
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