Calculate the price elasticity of demand using the method covered in class and the information provided...
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Calculate the price elasticity of demand using the method covered in class and the information provided below. Demand curve: x=226.8 -0.6p Initial value of x: x_0=120 New value of x: x_1=100 The value of the price elasticity of demand is: O a. 1.48. O b. 1.48. OC. 4.67. O d..4.67. e. 0.89. Of. 0.89. Calculate the price elasticity of demand using the method covered in class and the information provided below. Demand curve: x=226.8 -0.6p Initial value of x: x_0=120 New value of x: x_1=100 The value of the price elasticity of demand is: O a. 1.48. O b. 1.48. OC. 4.67. O d..4.67. e. 0.89. Of. 0.89.
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