Economy, asked by mallikaarjun882004, 6 months ago

the number of price elasticity of demand

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Answered by Anonymous

2

Answer:

The price elasticity of demand is calculated as the percentage change in quantity divided by the percentage change in price. Therefore, the elasticity of demand between these two points is 6.9%−15.4% which is 0.45, an amount smaller than one, showing that the demand is inelastic in this interval.

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