Indicate the short-run price elasticity of demand for tires

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Q. Suppose that the quantity of beer demanded falls from 103 000 litres per week to 97 000 litres per week as a result of a 10 percent increase in its price. The price elasticity of demand for beer is

Q. Indicate that the short-run price elasticity of demand for tires is 0.9. If a tire store raise the price of a tire from $50 to $60, by the price elasticity of demand? Is demand elastic unit-elastic, or inelastic?

 

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