Friday
May 29, 2015

Homework Help: econmics

Posted by nikki on Friday, July 20, 2012 at 11:06pm.

The %increase in price= (7-5)/5x100= 40%
The %decrease in quantity=(25-15)/25 x 100= 40%
Elasticity=40/40=1,unit elasticity.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Members