Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN: 9781337091992
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 5, Problem 2PA

Subpart (a):

To determine

The calculating price elasticity of demand.

Subpart (b):

To determine

Relevance of price elasticity of demand.

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