$1.00 In a local market
In a local market, the monthly price of Internet access service decreases from $20 to $10, and the total quantity of monthly accounts across all Internet access providers increases from 100,000 to 200,000. What is the price elasticity of demand? Is demand elastic, unit-elastic or inelastic?
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- Posted on Feb. 16, 2013 at 05:50:43AM