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A household increases the demand for a commodity from 60 units to 70 units when its price fall by 10% what is the price elastic of demand is it elastic or inelastic!

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter19: Elasticity

Section: Chapter Questions

Problem 1WNG: A college raises its annual tuition from 23,000 to 24,000, and its student enrollment falls from...

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A household increases the demand for a commodity from 60 units to 70 units when its price fall by 10% what is the price elastic of demand is it elastic or inelastic!

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