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Calculate the elasticity of demand when the price rises from 4$ to 6$ a pen. Over what price range is the demand for pens elastic?
Calculate the elasticity of demand when the price rises from 4$ to 6$ a pen. Over what price range is the demand for pens elastic? Question content area bottom left Part 1 The elasticity of demand when the price rises from 4$ to 6$ a pen is
The figure shows the demand for pens. Price (dollars per pen) 14 Calculate the elasticity of demand when the price rises from $4 to $6 a pen. Over what price range is the demand for pens elastic? 12- 10 The elasticity of demand when the price rises from $4 to $6 a pen is 0.71 8- >>> Answer to 2 decimal places. 6- The demand for pens is elastic at 4- O A. all prices greater than $6 a pen O B. all prices less than $4 a pen IN O C. all prices less than $6 a pen 60 180 D O D. a price of $6 a pen 0- 20 60 80 100 120 140 Pens per dayStep by Step Solution
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