question archive Suppose that twin eye doctors work across the hall from each other
Suppose that twin eye doctors work across the hall from each other
Subject:EconomicsPrice:2.88 Bought3
Suppose that twin eye doctors work across the hall from each other. Even their parents have trouble telling them apart, and they both went to the same medical school. From this information, we would guess that the price elasticity of demand for either of their services is closest to:
(a) -20.0.
(b) -1.0.
(c) -0.5.
(d) 0.0.
Option 1
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