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what is the elasticity of demand between points a and b if point A is (10,54)...


what is the elasticity of demand between points a and b if point A is (10,54) and point B is (20,44)

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Expert Solution

Ans) We write coordinates in form of (x axis, y axis).

On x axis, we take quantity. Therefore, quantity changes from 10 to 20.

On y axis, we take price. Therefore, price changes from 54 to 44.

Rahul Sunny answered 2 years ago
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