What is the price elasticity of demand at point C
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What is the price elasticity of demand at point C

1.


(a) What is the price elasticity of demand at point C? Please show your calculations.

(b) What is the arc elasticity of demand between point C and point D? Please show your calculations.


(For Arc elasticity see the above formula and the formula on page 83 in “Inside Business 3-2)

Hint
Economics a)Price elasticity of demand is the proportion of the rate change in amount requested of an item to the rate change in cost. Financial specialists utilize it to comprehend how market interest change when an item's cost changes....

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