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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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
Transcribed Image Text:Instructions: In parts a, b, and c, round your answers to two decimal places. Enter your answers as a positive value (absolute value).
a. The elasticity of demand for D1 between points a and b is 1.80.
Given the shift in demand, the elasticity between points a'and b'in Figure a =
b. The elasticity of demand for D2 between points c and d is 0.56.
Given the shift in demand, the elasticity between points c'and d'in Figure b =
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