Suppose Marshellian demand is x, = What is the own-price elasticity of demand (e,p, ) when p, = 18, p, = 24, I = 36? P.P a. ex.p. = -3 O b. ex.p. = -2 O c. ex.p. = -1 = () d. ex. O e. ex.p. Of. exp. = 2 g. ex.p. = 3

Suppose Marshellian demand is x, = What is the own-price elasticity of demand (e,p, ) when p, = 18, p, = 24, I = 36? P.P a. ex.p. = -3 O b. ex.p. = -2 O c. ex.p. = -1 = () d. ex. O e. ex.p. Of. exp. = 2 g. ex.p. = 3

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

%3D
Suppose Marshellian demand is x = What is the own-price elasticity of demand (e,p, ) when p, = 18. p, = 24, I = 36?
P.P
a. ex.p.
= -3
O b. ex.p.
= -2
O c. ex.p.
= -1
d. ex.
= ()
O e. ex.p.
Of. ex.p.
= 2
g. ex.p.
= 3

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