ayanaparson ayanaparson
  • 19-10-2022
  • SAT
contestada

5th attempt Suppose a gallon of almond milk is initially sold for $4 and consumers purchase 1,000 gallons. A price increase to $5 leads consumers to buy 500 gallons total. Using the method shown in class, what is the price elasticity of demand for gallons of almond milk? Use two decimal points and remember that price elasticity of demand is negative.

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