Question: Solve and evaluate the type of consumer elasticity. Include computations. 1. Solve and identify (if it is elastic, inelastic or unitary demand) the coefficient of

Solve and evaluate the type of consumer elasticity. Include computations.


1. Solve and identify (if it is elastic, inelastic or unitary demand) the coefficient of the

price elasticity of demand, if:


2.1 Q1=5 1 = $4 Q = 11 b = $8 2.2Q =2 Q = 15 4 = $10 b = $5 2.3Q =4 Q = 14 4 = $3 = $17

2.1 Q1=5 1 = $4 Q = 11 b = $8 2.2 Q =2 Q = 15 4 = $10 b = $5 2.3 Q =4 Q = 14 4 = $3 = $17

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