Calculate arc price elasticity-compare three calculations

Reference no: EM13698215

Sales are 3,100 at a price of $200 and 2,400 at a price of $300. Calculate the price of elasticity’s of demand using $200 as the base value; then use $300 as the base value. Calculate the arc price elasticity and compare the three calculations. How do your answers differ?

Reference no: EM13698215

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