calculate the price elasticity of demand

Posted on 2014-03-25 12:13:00 in Economics by JULIEA

From the market schedule for apples given below, calculate the price elasticity of demand if price falls from $ 50 per kg. to $ 40 per kg.

Price Per Kg. $	Quantity Demanded (Kg.)
60 50 40	20 25 32

 

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