4.1) If the price of a gardenburger increases from RM8 to RM10, the price elasticity of demand equals __-_4.50_____ and demand is ________. 4.2) If the price of a gardenburger increases from RM6 to RM8, the price elasticity of demand equals __- 1.75____ and demand is _______. 4.3) If the price of a gardenburger decreases from RM7 to RM6, the price elasticity of demand equals _____-1.44___, and the decrease results in a(n) _______ in total revenue.
4.1) If the
4.2) If the price of a gardenburger increases from RM6 to RM8, the price elasticity of demand equals __- 1.75____ and demand is _______.
4.3) If the price of a gardenburger decreases from RM7 to RM6, the price elasticity of demand equals _____-1.44___, and the decrease results in a(n) _______ in total revenue.
4.4) If the price of a gardenburger decreases from RM9 to RM8, the price elasticity of demand equals ____-3.40____ and demand is ________.
4.5) If the price of a gardenburger decreases from RM8 to RM7, the price elasticity of demand equals _-2.14_______ and demand is ________.
4.6) If the price of a gardenburger increases from RM7 to RM9, the price elasticity of demand equals __-2.67______ and the increase results in a(n) ________ in total revenue.

Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images









