Question

The price of gala apples rises from $5 per pound to $10 per pound. as a result, the quantity demanded falls from 10 million pounds to 5 million pounds. what is the arc own-price elasticity of demand

Answer 1

The price of Gala apples rises from $5 per pound to $10 per pound. As a result, the quantity demanded falls from 10 million pounds to 5 million pounds. What is the Arc Own-Price Elasticity of Demand?

1