Demand for memberships at the health club, Macroeconomics

Assignment Help:

a health club sells 50 memberships when the monthly price is $60 and 70 memberships when the monthly price is $40. the price elasticity of demand for memberships at this health club is (using the average values method)

a. 0.25

b. 0.6

c. 1.0

d. 1.1

e. 0.83

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