calculate the price elasticity demand

Posted on 2014-03-25 12:17:00 in Economics by POWER RANGERS

From the market demand schedule of oranges given below, calculate the price elasticity demand if price falls from $ 80 per dozen to $ 70 per dozen.

Price Per Dozen $	Quantity Demanded (Dz.)
100 90 80 70	20 25 30 35

 

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