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When a good costs $2, the quantity sold is 25. When the price is raised to $6, the quantity sold drops to 15. Use the
When a good costs $2, the quantity sold is 25. When the price is raised to $6, the quantity sold drops to 15. Use the formula above to determine the coefficient of elasticity.
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Principles of Macroeconomics
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
12th edition
134078802, 978-0134078809
