If price of a good increases from $ 120 to $130 then quantity demanded will decrease from 1700 to 1500 using the midpolint formula we can conclude that change in quantity demanded is 12.5 O8 change in quantity demanded is 8 change in quantity demanded is 13.3 0O None of the above
If price of a good increases from $ 120 to $130 then quantity demanded will decrease from 1700 to 1500 using the midpolint formula we can conclude that change in quantity demanded is 12.5 O8 change in quantity demanded is 8 change in quantity demanded is 13.3 0O None of the above
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 11RQ: As a general rule, is it safe to assume that a change in the price of a good will always have its...
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![If price of a good increases from $ 120 to $130 then quantity demanded will decrease from 1700 to 1500 using the midpolint formula we can conclude that
OA
change in quantity demanded is 12.5
O8 change in quantity demanded is a
o change in quantity demanded is 13.3
0O None of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15f5d331-a707-46f2-88d1-c56ea1f505cd%2F2e9aec4b-feb4-4d70-beec-6f1d0dbc015e%2Fycztamb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If price of a good increases from $ 120 to $130 then quantity demanded will decrease from 1700 to 1500 using the midpolint formula we can conclude that
OA
change in quantity demanded is 12.5
O8 change in quantity demanded is a
o change in quantity demanded is 13.3
0O None of the above
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