Question
The demand for gym memberships in a small rural community is Q =500-4P, where Q is the number of monthly members and P is the
The demand for gym memberships in a small rural community is Q =500-4P, where Q is the number of monthly members and P is the monthly rate. Calculate the price elasticity of demand for gym membership when the price is $150 per month.
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Introductory Business Statistics
Authors: Alexander Holmes , Barbara Illowsky , Susan Dean
1st Edition
1506699847, 9781506699844
