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If a firm reduces the price of its product from $6 to $4 and the quantity demanded of the product increases from 45,000 to 55,000 units per week, then the arc price of elasticit…
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If a firm reduces the price of its product from $6 to $4 and the quantity demanded of the product increases from 45,000 to 55,000 units per week, then the arc price of elasticit…
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Jan 26, 2020
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If a firm reduces the price of its product from $6 to $4 and the quantity demanded of the product increases from 45,000 to 55,000 units per week, then the arc price of elasticity is equal to A. –10. B. –0.5. C. 0. D. –1.
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Michal Gumny
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Answer:
The correct answer is
B. –0.5
good luck ❤
Fada
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Jan 31, 2020
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Fada
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