Question
Use the price-demand equation p+0.004x=46, 0sps 46. Find the elasticity of demand when p = $22. If the $22 price is decreased by 12%,
Use the price-demand equation p+0.004x=46, 0sps 46. Find the elasticity of demand when p = $22. If the $22 price is decreased by 12%, what is the approximate percentage change in demand? The elasticity of demand when p=22 is (Type an integer or a simplified fraction.) If the price is decreased by 12%, the demand (Type an integer or a simplified fraction.) approximately %.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
