The following is the absolute value for the Mid-Point price elasticity of demand between two points on certain demand: Point A : Po = 15 amp; Qo =10…
The following is the absolute value for the Mid-Point price elasticity of demand between two points on certain demand:
Point A : Po = 15 & Qo =10
while
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Order Paper NowPoint B: P1 = 5 & Q1= 20
A. l Ep l = 3
B. l Ep l = 1/3
C. l Ep l = 3/2
D. l Ep l = 2/3