Business, 25.09.2020 04:01, lilswetheart2007

Consider a competitive market for which the quantities demanded and supplied (per year) at various prices are given as follows: Price (Dollars) Demand (Millions) Supply (Millions) 60 22 14 80 20 16 100 18 18 120 16 20 Calculate the price elasticity of demand when the price is $100. The price elasticity of demand is 0. (Enter your response rounded to two decimal places.)

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Consider a competitive market for which the quantities demanded and supplied (per year) at various p...