Own-Price Elasticity of Demand p slope slope 10 2 10 0.2 5 X1 50 X, In which case is the quantity demanded X,* more sensitive to changes to p,?
Own-Price Elasticity of Demand 5 50 10 10 slope = - 2 slope = - 0.2 p1 p1 X1 * X1 * In which case is the quantity demanded X1 * more sensitive to changes to p1?
Own-Price Elasticity of Demand 10-packs Single Units p slope slope 10 2 10 0.2 5 X1 50 X, In which case is the quantity demanded X,* more sensitive to changes to p,?
Own-Price Elasticity of Demand 5 50 10 10 slope = - 2 slope = - 0.2 p1 p1 10-packs Single Units X1 * X1 * In which case is the quantity demanded X1 * more sensitive to changes to p1?
Own-Price Elasticity of Demand 10-packs Single Units p slope slope 10 2 10 0.2 5 X1 50 X, In which case is the quantity demanded X more sensitive to changes to p1? It is the same in both cases
Own-Price Elasticity of Demand 5 50 10 10 slope = - 2 slope = - 0.2 p1 p1 10-packs Single Units X1 * X1 * In which case is the quantity demanded X1 * more sensitive to changes to p1? It is the same in both cases