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Unit 3 Chapter 6 Assignment 0 Saved 11 1.5 points eBook Print References Help Save & Exit (a) (0) Price Price Instructions: In parts a,
Unit 3 Chapter 6 Assignment 0 Saved 11 1.5 points eBook Print References Help Save & Exit (a) (0) Price Price Instructions: In parts a, b. and c, round your answers to two decimal places. Enter your answers as a positive value (absolute value). a. The elasticity of demand for D1 between points a and b is 1.80. Given the shift in demand, the elasticity between points a'and b'in Figure a = 1.27 . b. The elasticity of demand for 02 between points c and dis 0.56. Given the shift in demand, the elasticity between points c'and d'in Figure b = . Unit 3 Chapter 6 Assignment 0 Saved Help 11 1.5 points eBook Print References Prica Price Quantity Instructions: In parts a, b, and c, round your answers to two decimal places. Enter your answers as a positive value (absolute value). a. The elasticity of demand for D1 between points a and b is 1.80. Given the shift in demand, the elasticity between points a'and b'in Figure a = 1.27 . b. The elasticity of demand for Dz between points cand dis 0.56. Given the shift in demand, the elasticity between points c'and d'in Figure b = c. In terms of the midpoint formula, what explains the change in elasticities? Compare the elasticities in this problem to those found in the original demand curves. If we compare the elasticities, we can see that an increase in quantity at every price (Click to select) v the elasticity. The percentage change in quantity is (Click to select) v given the higher quantity purchased at every price. Save & Exit Sul
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