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PRINT LAST NAME, FIRST NAME 7. An increase in the price of a small town newspaper...

Question:

PRINT LAST NAME, FIRST NAME 7. An increase in the price of a small town newspaper from S.70 to $.90 results in a decrease in

PRINT LAST NAME, FIRST NAME 7. An increase in the price of a small town newspaper from S.70 to $.90 results in a decrease in sales from 2,880 to 1,920 per day. The price elasticity of demand coefficient (using the midpoint formula) is for this newspaper. a. 0.25 b. 0.625 c. 1.4 d. 1.6 Attricaletra do

Answers

Prin elasticity of demand = 1920-2880 (1920+2880/2 Di 90-0-70 10.90 +0.70)/2 960 2400 0.20 DOBA 0.8 1.6 The consent option is

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