tantienduong377 tantienduong377

08-03-2024
Business

contestada

If the price elasticity of demand for a product is 2.5 , then a price cut from $2.00 to $1.80 will
a. increase the quantity demanded by about 250 percent.
b. increase the quantity demanded by about 25 percent.
c. decrease the quantity demanded by about 2.5 percent.
d. increase the quantity demanded by about 2.5 percent.

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