Register
If a firm reduces the price of its product from $6 to $4 and the quantity demanded of the product increases from 45,000 to 55,000 units per week, then the arc price of elasticity is equal to A. –10. B.
58.9k views
4 votes
If a firm reduces the price of its product from $6 to $4 and the quantity demanded of the product increases from 45,000 to 55,000 units per week, then the arc price of elasticity is equal to A. –10. B. –0.5. C. 0. D. –1.

User Michal Gumny
by
5.5k points

1 Answer

4 votes

Answer:

The correct answer is

B. –0.5

good luck ❤

User Fada
by
5.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.7m answers

Other Questions

What are some ways you can save on car insurance?
_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
Demonstrate how binomial nomenclature is related to classification systems by identifying the genus name and the specific name of the domestic cat felis catus
The dark printed words on the page of a book are easily read because they are printed on a light ground. this is an example of the principle of ____________.
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
Link Copied!