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Decisions for Tomorrow In 2019, 360,000 electric vehicles (EVS) were sold in the United States. Instructions: Round your responses to one decimal place. a.
Decisions for Tomorrow In 2019, 360,000 electric vehicles (EVS) were sold in the United States. Instructions: Round your responses to one decimal place. a. Suppose the average price of these cars was $40,000. Calculate price elasticity of demand if a $7,000 tax credit caused an increase in sales by 20,000 EVs. 8.3 b. Calculate cross-price elasticity if a 15 percent Increase in the price of gasoline caused an increase in sales of EVs by 35,000.
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
