To answer the question, refer to the following table showing a demand schedule: Quantity Price demanded $200 1, 000 150 1, 400 100 1 ,
To answer the question, refer to the following table showing a demand schedule: Quantity Price demanded $200 1, 000 150 1, 400 100 1 , 800 If price falls from $200 to $150, what is the elasticity of demand over this range? Multiple Choice -0.62 -1.0 -1.17 -2.5 -3.0
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