Calculate elasticity of demand-straight line demand curve
Question: The following is a straight-line demand curve:Price Quantity Demanded$12 1 10 2 8 3 6 4 4 5a) Calculate the elasticity of demand in going from 2 unit to 3 units.b) Is the demand elastic or inelastic in this range.
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The following is a straight-line demand curve: Calculate the elasticity of demand in going from 2 unit to 3 units.
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