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Results tagged with elasticity
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user 20901
Elasticity is the measurement of how responsive an economic variable is to a change in another.
3
votes
1
answer
2k
views
Calculating Price Elasticity of Demand
Hi I was given the following price vs quantity values.
Price Quantity Demanded
4 221
5 210
6 185
7 162
8 144
9 122
10 102
11 81
12 61
13 46
14 25
The graph was plotted as shown b …
- 137