Try another version of these questions Suppose that a store reduces the price of peanut butter from $4.5 to $3.5. As a result, quantity demanded increases from 200 to 250. Using the point elasticity approach, calculate percentage change in price. Your answer should be expressed in absolute value terms. Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Suppose that a store decreases the price of laundry detergent from $4.4 to $3.9. As a result, quantity demanded increases from 180 to 270. Using the point elasticity approach, calculate price elasticity of demand. Your answer should be expressed in absolute value terms. Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity