Decisions for Tomorrow In 2019, 360,000 electric vehicles (EVS) were sold in the United States. Instructions: Round your responses to one decimal place. a. Suppose the average price of these cars was $40,000. Calculate price elasticity of demand if a $2,000 tax credit caused an increase in sales by 20,000 EVs.

Decisions for Tomorrow In 2019, 360,000 electric vehicles (EVS) were sold in the United States. Instructions: Round your responses to one decimal place. a. Suppose the average price of these cars was $40,000. Calculate price elasticity of demand if a $2,000 tax credit caused an increase in sales by 20,000 EVs.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 3SQP

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