if a demand curve is given by y = 50 −.02x where x is the price in dollars, and y is the sales of Really Big TVs, Find the elasticity when x= $1100 and say if this is Elastic or Inelastic
if a demand curve is given by y = 50 −.02x where x is the price in dollars, and y is the sales of Really Big TVs, Find the elasticity when x= $1100 and say if this is 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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if a demand curve is given by y = 50 −.02x where x is the price in dollars, and y is the sales of Really Big TVs, Find the elasticity when x= $1100 and say if this is Elastic or Inelastic
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