How is it possible for both to have increased.

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Q. Mr smith has the following demand equation for a certain product : Q=30-20P . at price $7 what is the point elasticity ? between prrices of $5 and $6 , what is the arc of elasticity?

Q. Following the recession of 2001, there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased?

Reference no: EM1356850

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