Answer:
222.75%
Step-by-step explanation:
Elasticity of demand for marijuana
(dQ/Q)/(dP/P) = -2.75
If the price drops 81%, that is dP/P=-0.81
If we re-arrange the equation
dQ/Q= -2.75 * dP/P = -2.75*(-0.81) = 2.2275
The demand will be 222.75% higher if the prices drop by 81%
Answer:
$7.50
Step-by-step explanation:
75% of $10
=3/4×$10
=7.5
9x +14
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