If a 13 percent decrease in the price of good X results in a 24 percent increase in the quantity of X demanded, then the price elasticity of demand for X is? The result must be given to two decimal places (e.g. if the result is -3.678, write -3.68, if the result is 3.673, write 3.67.) Your Answer:

If a 13 percent decrease in the price of good X results in a 24 percent increase in the quantity of X demanded, then the price elasticity of demand for X is? The result must be given to two decimal places (e.g. if the result is -3.678, write -3.68, if the result is 3.673, write 3.67.) Your Answer:

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 2SQ

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If a 13 percent decrease in the price of good X results in a 24 percent increase in the
quantity of X demanded, then the price elasticity of demand for X is? The result must
be given to two decimal places (e.g. if the result is -3.678, write -3.68, if the result is
3.673, write 3.67.)
Your Answer:

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