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ECO 204 Week 1 Assignment Demand Elasticity
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Price Elasticity of Demand is defined as:
Points
Shoe Sales per Week
Price per Pair ($)
0
70
A
100
60
B
200
50
C
300
40
D
400
30
E
500
20
F
600
10
a) Calculate demand elasticity using the midpoint formula between points A & B, between points C & D, and between points E & F.
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