Price Quantity (dollars per demanded bushel) (bushels) 8 2,000 7 4,000 6 6,000 5 8,000 4 10,000 3 12,000 The table above gives the demand schedule for sn peas. The price elasticity of demand increased from $6.00 to $7.00 per bushel is (please use point elasticity of demand in your calculation)
Price Quantity (dollars per demanded bushel) (bushels) 8 2,000 7 4,000 6 6,000 5 8,000 4 10,000 3 12,000 The table above gives the demand schedule for sn peas. The price elasticity of demand increased from $6.00 to $7.00 per bushel is (please use point elasticity of demand in your calculation)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Price
Quantity
(dollars per
demanded
bushel)
(bushels)
8
2,000
7
4,000
6
6,000
8,000
4
10,000
3
12,000
The table above gives the demand schedule for snow
peas. The price elasticity of demand increased from
$6.00 to $7.00 per bushel is (please use point
elasticity of demand in your calculation)
O 1.0.
• 2.0.
2.6.
5.0.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e233476-04e8-4f5c-b195-04c99d406b64%2F6f4016c2-42e4-4fc5-9edb-87cbce567955%2Fw4fdgde_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Price
Quantity
(dollars per
demanded
bushel)
(bushels)
8
2,000
7
4,000
6
6,000
8,000
4
10,000
3
12,000
The table above gives the demand schedule for snow
peas. The price elasticity of demand increased from
$6.00 to $7.00 per bushel is (please use point
elasticity of demand in your calculation)
O 1.0.
• 2.0.
2.6.
5.0.
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