Social Studies, 07.12.2021 14:00 Meirna
Economics!!!
Consider the demand curve for a good is given by: =500−2 and suppose that the good’s price is $100.
a) Calculate the quantity demanded for the given price.
b) Calculate the price elasticity of demand if the price of good decreases from $100 to $90.
Answers: 1
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Economics!!!
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