When economists say the price elasticity of demand for bananas is 2.0, what do they mean?

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Economics Barrons Business Review Series

ISBN: 9781438008776

6th Edition

Authors: Walter J. Wessels

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Question Posted: Feb 18, 2024 04:00 AM

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When economists say the price elasticity of demand for bananas is 2.0, what do they mean?

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They mean that the ...View the full answer

Economics Barrons Business Review Series

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