Question: 20 When demand shifts, elasticity changes 6, Illustrate Dx = 16-2px + 4py where pr = 1 and Sx = 2px -2w where w =

20 When demand shifts, elasticity changes 6, Illustrate Dx = 16-2px

When demand shifts, elasticity changes 6, Illustrate Dx = 16-2px + 4py where pr = 1 and Sx = 2px -2w where w = 2. Now py = 3. In the range px = 5 to px = 7 the own-price elasticity of demand is equal to . What has happened to the price sensitivity of buyers when the demand curve shifts to the right

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