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A product's price was $9, and its quantity demanded was 90 units. Then, the quantity demanded decreased by 20 units, while the product's price increased
A product's price was $9, and its quantity demanded was 90 units. Then, the quantity demanded decreased by 20 units, while the product's price increased by $8. Calculate the price elasticity of demand. Use the midpoint method in your calculations and enter your answer as a positive number in the box below, rounding to two decimal places if necessary
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Theories Of Value From Adam Smith To Piero Sraffa
Authors: Ajit Sinha
2nd Edition
0429807716, 9780429807718
