At a price of $17.50 to play 18 holes on a golf course, 145 consumers pay to

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At a price of $17.50 to play 18 holes on a golf course, 145 consumers pay to play a game of golf each day. Increasing the price to $22.00 causes the number of consumers to decline to 105.

What is the price elasticity of demand, expressed as a positive number? (Round you answer to two decimal places)

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Posted Date: Mar 09, 2024 03:03 AM

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At a price of $17.50 to play 18 holes on a golf course, 145 consumers pay to

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To calculate the price elasticity of demand we can use the formula Ed frac text change in q... View the full answer

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