Question
1. Calculate the demand elasticity of demand ( by using at least two methods) given the following information:
P1 = 10 Q1=100
P2 = 15 Q2 = 20
Is the product elastic or inelastic?
P1 = 10 Q1=100
P2 = 15 Q2 = 20
Is the product elastic or inelastic?
Answers
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