We''re looking at the market for cat food. When th, Microeconomics

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We''re looking at the market for cat food. When th

We're looking at the market for cat food. When the price is $10, the quantity sold is 1000 bags. When the price drops 10%, the quantity sold increases 30%.

Calculate the price elasticity of demand.

The formula is % change in quantity demanded/% change in price.

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Microeconomics: We''re looking at the market for cat food. When th

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Microeconomics: We''re looking at the market for cat food. When th

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Microeconomics: We''re looking at the market for cat food. When th

Reference No:- TGS097705

Recent Questions Asked Microeconomics

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