Question 20 X Table 6.1 QD 24 50 98 114 P 137 107 77 52 17 140 Refer to Table 6.1. As price increase from 77 to 107 and using the mid-point formula, what is the value of G? % change in P A В С D E Selected Answer: 0-1.99 Correct Answer: ✔-64.86 15% % change in QD F G H I Ed K L M N 0

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Question 20
X
Table 6.1
QD
24
50
98
114
P
137
107
77
52
17
140
Refer to Table 6.1. As price increase from 77 to 107 and using the mid-point formula, what is the value of G?
% change in P
A
В
C
D
E
Selected Answer: 0-1.99
Correct Answer: ✔-64.86 +5%
% change in QD
F
G
H
I
Ed
K
L
M
N
O
Transcribed Image Text:Question 20 X Table 6.1 QD 24 50 98 114 P 137 107 77 52 17 140 Refer to Table 6.1. As price increase from 77 to 107 and using the mid-point formula, what is the value of G? % change in P A В C D E Selected Answer: 0-1.99 Correct Answer: ✔-64.86 +5% % change in QD F G H I Ed K L M N O
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