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Shaking Table Price Equation And Formula

This formula tells us that the elasticity of demand is calculated by dividing the change in quantity by the change in price which brought it about Thus if the price of a commodity falls from Re100 to 90p and this leads to an increase in quantity demanded from 200 to 240 price elasticity of demand would be calculated as follows

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    Solve the equation x 2 2x 3 2x 3 first graphically then algebraically We draw the graphs of fx x 2 2x 3 and gx 2x 3 by making a table of values and plotting the points We can see both from the graph and from the table of values that the graphs intersect when x

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