In a local market, the monthly price of Internet access service decreases from $20 to $10, and the total quantity of monthly

Question

3 years ago

14

In a local market, the monthly price of Internet access service decreases from $20 to $10, and the total quantity of monthly

accounts across all Internet access providers increases from 80 comma 000 to 180 comma 000. What is the value price elasticity of demand, expressed as a positive number? nothing. (Round your answer to two decimal places.)

Business

1 answer:

faust18 [17] · Answer 1 · 2022-02-21T22:08:40+03:00

faust18 [17]3 years ago

5 0

Answer:

1.79

Explanation:

The demand is elastic

In a local​ market, the monthly price of Internet access service decreases from ​$20 to ​$10​, and the total quantity of monthly

In a local market, the monthly price of Internet access service decreases from $20 to $10, and the total quantity of monthly