Question
Table 5.2 shows the change in the quantity demanded for Good A and Good B as a result of the change in their price. Use
Table 5.2 shows the change in the quantity demanded for Good A and Good B as a result of the change in their price. Use the information in the table below to calculate the value of the price elasticity of demand for Good B.
Table 5.2
Quantity | Price | ||
| Good A | 100 | $10 | |
| 120 | $ 9 | ||
Good B | 200 | $20 | |
140 | $35 | ||
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The Chinese Economy Transitions And Growth
Authors: Barry Naughton
1st Edition
0262640643, 9780262640640
