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Fill in the values in the equation to calculate the PED for the Malabar coffee. Report area Price and quantity demanded - Malabar Price [$]
Fill in the values in the equation to calculate the PED for the Malabar coffee. Report area Price and quantity demanded - Malabar Price [$] 10 11.50 Quantity demanded [lb] 500 300 Input area Price Elasticity of Demand (PED) = abs ( Fill in the values in the Price Elasticity of Demand equation, which states that Price Elasticity of Demand equals absolute value of the numerator divided by the denominator. 40 Numerator -13 Denominator
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Basic Economics
Authors: Frank V. Mastrianna
16th edition
1111826641, 978-0357706664, 978-1111826642
