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Question: Calculate the price elasticity of demand for the following cases:
a. When price rises by 5 percent, quantity demanded drops by 10 percent.
b. When price rises by 10 percent, quantity demanded drops by 2 percent.
c. When price rises by 0.05 percent, quantity demanded drops by 99 percent. (Which extreme case is this approaching? Note that the price rise is a fraction of 1 percent, not 5 percent.)
d. When price rises by 99 percent, quantity demanded drops by 0.05 percent. (Which extreme case is this approaching?)
e. When price falls by 10 percent, quantity demanded rises by 2 percent.
B is the midpoint of AC. AB=8v, and AC=2v+42. What is BC?
the result of an exam is given below out of 1000 students 1. 658 failed in physics .2. 166 failed in phy and chem .3.
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Find the number of iguanas present in the island intially and show that the population of iguanas is increasing without bound.
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