What is the elasticity of demand over the range

Reference no: EM13192060

Price Quantity demanded
$200 1000
150 1400
100 1800
a. If price falls from $200 to $150, what is the elasticity of demand over this range?
b. As output increases from 1,000 to 1,400 what is marginal revenue?

Reference no: EM13192060

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