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The Acme Company produces and sells widgets. They currently charge $16 per widget, and they sell 256 widgets per week. If the price is increased to $17.06 per widget, then 34 fewer widgets per week can be sold. Assuming that demand is linear, find the value for elasticity of demand at the current price. Round as necessary.

User Schilcote
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1 Answer

3 votes

Answer:

2.0

Step-by-step explanation:

0.066

User G K
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