2. Suppose that econometricians at Hallmark Cards determine that the price elasticity of demand for greeting cards is -...

Question

Question

2. Suppose that econometricians at Hallmark Cards determine that the price elasticity of demand for greeting cards is -3. 1.

Answer 1

Answer #1

-4 3 P 3P-3 P -3 = -2 Pe 2 -1.5 3.5-15 3.5 C57 175 (l

Answer 2

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