Question
Price ($)-: 9,8 Quantity Demanded-: 2,3 Total Revenue(P x Q D ) ($)-: 18,24 Marginal Revenue (change in TR) ($):-(24-18)/(3-2)=+6/1=+6 Using the mid-point method, is
Price ($)-: 9,8
Quantity Demanded-: 2,3
Total Revenue(P x QD) ($)-: 18,24
Marginal Revenue (change in TR) ($):-(24-18)/(3-2)=+6/1=+6
Using the mid-point method, is demandelasticorinelasticover this range?____________________
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Environmental Economics
Authors: Stephen Smith
6th Edition
0199583587, 9780199583584
