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A THE UNIVERSITY OF ARIZONA GLOBAL CAMPUS Elasticity of Demand Worksheet PRICE ELASTICITY OF change in Q demand DEMAND *% change in price PERCENTAGE CHANGE

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A THE UNIVERSITY OF ARIZONA GLOBAL CAMPUS Elasticity of Demand Worksheet PRICE ELASTICITY OF change in Q demand DEMAND *% change in price PERCENTAGE CHANGE new number-old number X 100 average Revenue Price X Quantity Use the formula above to calculate values of price elasticity of demand for all the situations below. Make sure to show your calculations Price Quant ity 9% change in Revenue % change in Elasticity quantity price of Demand Initial New Initial New Initial New demanded 30 35 90 30 50 80 110 80 210 230 70

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