The demand for hand sanitizers rises from 5000 to 6600 bottles when the price falls from $6

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The demand for hand sanitizers rises from 5000 to 6600 bottles when the price falls from $6 to $4.50 per bottle.

a. The price elasticity of demand for hand sanitizer is: ( Round your final answer to 2 decimal places)

b. The slope of demand for hand sanitizer is: bottle/$. ( Round your final answer to 2 decimal places)

Related Book For answer-question

Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Posted Date: Jan 20, 2023 07:04 AM

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The demand for hand sanitizers rises from 5000 to 6600 bottles when the price falls from $6

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Microeconomics

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