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Elasticity=Q1-Qo/Qo/P1-Po/Po -1.75=(Q1-Qo)/Qo/(9.69-8.95)/8.95 Answer: -1.295Qo= 8.95Q1 - 8.95 Qo How did we get that answer? can you explain?
Elasticity=Q1-Qo/Qo/P1-Po/Po
-1.75=(Q1-Qo)/Qo/(9.69-8.95)/8.95
Answer: -1.295Qo= 8.95Q1 - 8.95 Qo
How did we get that answer? can you explain?
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