9 Two drivers - Itchy and Scratchy - each drive up to a petrol station. Before looking

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9 Two drivers - Itchy and Scratchy - each drive up to a petrol station. Before looking at the price and starting to pump petrol, Itchy says: 'I wi ll buy 20 litres of petrol'. Scratchy says: 'I will buy $30 of petrol'. What is each driver's price elasticity of demand?

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Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

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