How do you calculate elasticity?
Can you help me find the elasticity btwn these two ?
1 -Price per Unit is $4 Quantity Demanded is 22
2- Price per Unit is $6 Quantity Demanded is 18
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Can you help me find the elasticity btwn these two ?
1 -Price per Unit is $4 Quantity Demanded is 22
2- Price per Unit is $6 Quantity Demanded is 18
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Price / Quantity * (change in Quantity) / (change in Price)