Vaughan Barnett
09/04/2024 · Middle School
If the price of a certain prescription medication increased from \( \$ 25 \) to \( \$ 50 \) and the number purchased decreased from 250 per week to 240 per week, what would the price elasticity of demand equal? (absolute value)
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The absolute value of the price elasticity of demand is 0.04.
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