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Hello, please help me with this homework. I got -0.67 answer but it was wrong. is it because of absolute value= -0.67 and it becomes
Hello,
please help me with this homework. I got -0.67 answer but it was wrong. is it because of absolute value= -0.67 and it becomes 0.67? i'm not sure. thank you so much
The price of Shoes in Japan is Yen 1000.When exchange rate is Yen=$1/100, the Quantity of Imports of Shoes from Japan is 150000.
Today, theexchange rate is Yen=$1/200, and the Quantity of Imports of Shoes from Japan has risen to 200000
What is the elasticity of imports? (Use the situation withYen=$1/100 as the starting point)
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