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Category > Economics Posted 13 Jun 2017 My Price 5.00

Good weather produces a bumper crop of apples

Good weather produces a bumper crop of apples. As a result, the price falls from $6 to $3 a basket and the quantity demanded increases from 600 to 1100 baskets a week. Over this price range calculate the price elasticity of demand (using the midpoint method).

 

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Alpha Geek
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Status NEW Posted 13 Jun 2017 03:06 PM My Price 5.00

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Attachments

file 1497368141-2209834_1_636328272779114861_price-elasticity-of-demand.xlsx preview (134 words )
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