Economy, asked by Namya7400, 1 month ago

The price of a product rises from $60 to $90. This causes demand to contract from 800 to 600. What type of price elasticity of demand does this product have over this price range?

Answers

Answered by ark212002

4

Answer:

0.15

Explanation:

Δp = $30

Δq = 200

$e_{p}$ = Δp/Δq = $\frac{30}{200}$ = 0.15

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