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Assume you are selling a product in which at a price of $10, you can sell 90 units. When the price increases to $11, you can only sell 63 units. Given this change in price and sales, answer the following:________.

A. What is the price elasticity of demand for your product?
B. Is demand elastic, unit-elastic or inelastic?
C. What is the change in revenue for this product from the price increase?

1 Answer

1 vote
it is B because i did that one before
User Joe Rakhimov
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