Register

The price elasticity of demand is ˗0.5. if we cut prices by 6 percent,

The price elasticity of demand is ˗0.5. if we cut prices by 6 percent,
150k views
4 votes
The price elasticity of demand is ˗0.5. if we cut prices by 6 percent,

User Alejandro Fiore
by
8.3k points

1 Answer

3 votes

Answer:

then quantity demanded will increase by 3%.

User Jchand
by
8.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!