209k views
23 votes
Each week Bill buys exactly 7 bottles of cola regardless of its price. Bill's own price elasticity of demand for cola IN ABSOLUTE VALUE is

User Qelli
by
5.7k points

1 Answer

14 votes

Answer:

0

Step-by-step explanation:

If he doesn't care about the price then that means that the product is perfectly inelastic AKA it has an elasticity of 0

User Osmium USA
by
5.5k points