Posted by: Pdfprep
Post Date: February 4, 2021
A business sells 10,000 units of its product pet month at a unit price of $10 It reduces the pnce to $88,000 per unit As a result its total reviewed $88,000 per month.
What is the price elasticity of demand for this product?
A . +1.87
B . +0.6
C . -2
D . -0.5
Answer: D
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