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Please answer correct explain plz asap plz both are questions Don't answer by pen paper plz Please use the first picture to answer the following
Please answer correct explain plz asap plz both are questions
Don't answer by pen paper plz
Please use the first picture to answer the following questions.
Use this figure to answer the next two questions. 100 90 80 70 60 price 50 B 40 demand curve 30 A'9 20 A 10 0 0 10 20 30 40 50 60 70 80 90 100 quantity [If the image above doesn't appear click here to open it in a new tab.]Consider the move along the demand curve from point A to point A': the price increases from 20 to 25, while the quantity decreases from 50 to 45. Which of these is the value for the price elasticity of demand (E) calculated from these numbers? O -0.1 O 0.25 05 O 2.5 O 0.555555 O 0.4 O 0.2Referencing the figure above, which of the following statements is true? The price elasticity of demand as measured from point B to point B' is the same as the price elasticity of demand as measured from point A to point A' because these points all lie on a line segment with the same slope. The price elasticity of demand as measured from point B to point B' is greater than the price elasticity of demand as measured from point A to point A'. That is, demand is relatively more elastic at point B than at point A. O The price elasticity of demand as measured from point B to point B' is less than the price elasticity of demand as measured from point A to point A'. That is, demand is relatively less elastic at point B than at point AStep by Step Solution
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