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When the price of fresh fish increases 10%, quantity demanded decreases 5%. The price elasticity of demand for fresh fish is ________ and total revenue from fresh fish sales will
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When the price of fresh fish increases 10%, quantity demanded decreases 5%. The price elasticity of demand for fresh fish is ________ and total revenue from fresh fish sales will

User Sachit
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1 Answer

8 votes

Answer:

Step-by-step explanation:

10%-5%

0.1-0.05

=0.06

User Mohamed Thasin Ah
by
7.5k points
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