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A popular clothing website sold five units of a dress when the price was $300 and 20 units when the price was marked down to $100. What is the own-price elasticity of demand for the dress using the midpoint
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A popular clothing website sold five units of a dress when the price was $300 and 20 units when the price was marked down to $100. What is the own-price elasticity of demand for the dress using the midpoint formula

User Gerd
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1 Answer

7 votes

Answer:

300-100=200 dollars

Step-by-step explanation:

User Kuvonchbek Yakubov
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