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Other Fields Homework Help Economics Topic started by: Alek Hsiang on Mar 17, 2019



Title: Suppose that Cheddars is currently selling 500 Chicken and Oriental salads for $5. Suppose that the ...
Post by: Alek Hsiang on Mar 17, 2019

Suppose that Cheddars is currently selling 500 Chicken and Oriental salads for $5. Suppose that the own-price elasticity for this product is -0.8. If Cheddars wishes to lower the price to $4, you predict that, all other factors held constant, the number of Chicken and Oriental salads sold at this price will be



• 420.

• 580.

• 600.

• Can't tell; insufficient information.


Title: Suppose that Cheddars is currently selling 500 Chicken and Oriental salads for $5. Suppose that the ...
Post by: sadeen on Mar 17, 2019
580.


Title: Suppose that Cheddars is currently selling 500 Chicken and Oriental salads for $5. Suppose that the ...
Post by: Alek Hsiang on Mar 17, 2019
This calls for a celebration :raised_hands: