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Please give all question's answers. All relevant informations are given. Please check carefully. What determines price elasticity? If the price of the product has increased

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Please give all question's answers. All relevant informations are given. Please check carefully.

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What determines price elasticity? If the price of the product has increased from .5 to 1.5, 1 to 3 and 2 to 4.25 consecutively the quantity also changes from 2 to 3, 6 to 8 and 10 to 14.5 then calculate the price elasticity from point B to E, E to G and B to G. Calculate Arc elasticity and Graphic elasticity from point B to G, B to E and G to E. Compare one method to another at the same time previous to new state of condition, dene which one among shows high elasticity and inelasticity? P A 2 ".3 . \"\"4 E m .50 g : u o 2 6 IO 12 Q Fig-1: Price Elasticity

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