QuestionQuestion

If the price of a good decreases from $92 to $39 and the amount consumers choose to buy increases from 19 to 23,
If the price of a good decreases from $92 to $39 and the amount consumers choose to buy increases from 19 to 23, what is the price elasticity of demand? Do not forget to include the sign.

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Ok so in this kind of exercise you have two things.
Q1 and Q2 : the initial and final quantity
P1 and P2 : the initial and final price

So:
Q1=19 and...

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