Asked by susie quick
                please show me how to calculate price elasticity of demand of $3.00 increase to $3.50
            
            
        Answers
                    Answered by
            Debbie
            
    percent change in quantity demanded/percent change in price=
(20-35)/35/(3.5-3)/3.5 =
-15/35/0.5/3.5=
-demand is elastic becausenit is less than -1
    
(20-35)/35/(3.5-3)/3.5 =
-15/35/0.5/3.5=
-demand is elastic becausenit is less than -1
                                                    There are no AI answers yet. The ability to request AI answers is coming soon!
                                            
                Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.