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Change in Quantity Demanded) / (Percentage Change in Price). If we plug in the numbers, we see that 40/22 = about 1.8. Correct Answer: In
Change in Quantity Demanded) / (Percentage Change in Price). If we plug in the numbers, we see that 40/22 = about 1.8. Correct Answer: In absolute value, my own price elasticity is about 1.8. Curious Cally Joe, what is true regarding your own price elasticity for data at these prices? My demand is unit elastic. My demand is inelastic. My demand is elastic. Submit
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Macroeconomics Policy And Practice
Authors: Frederic Mishkin
2nd Edition
0133424316, 978-0133424317
