Try another version of this question Suppose that a store reduces the price of laundry detergent from $4.2 to $3.7. As a result, quantity demanded increases from 220 to 270. Using the point elasticity approach, calculate percentage change in price. Your answer should be expressed in absolute value terms. Hint
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 Box 2: 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