The figure shows the demand for pens. Calculate the elasticity of demand when the price rises from
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Calculate the elasticity of demand when the price rises from $4 to $6 a pen. Over what price range is the demand for pens elastic?
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C 12 0 6 2 2040 60 80 100 120 rens per day
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The price elasticity of demand is 072 When the price of a pen rises from 4 to 6 the quantity dema...View the full answer
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