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aj8724278
@aj8724278
November 2023
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Example: If the price of an ice cream cone increases from $8.00 to $10.00 and the amount you buy remains at 150, then your elasticity of demand would be calculated as:
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$1500 is the answer because 10*150 = 1500
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Answers & Comments
$1500 is the answer because 10*150 = 1500