Business, 09.07.2019 21:00 Hatter6998

Suppose the price of local cable tv service increased from $16.20 to $19.80 and as a result the number of cable subscribers decreased from 224,000 to 176,000. along this portion of the demand curve, price elasticity of demand is: 0.8. 1.2. 1.6. 8.0

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