Top Posters
Since Sunday
o
2
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
insherro insherro
wrote...
Go to Answer
Posts: 671
Rep: 5 0
7 years ago
According to one study, the price elasticity of demand for restaurant meals is -2.27. This implies that if restaurants want to increase their total revenues they should:
A) increase prices.
B) decrease prices.
C) leave prices unchanged.
D) cannot be determined with the information given.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 257 times
1 Reply
University of Ottawa - Economics for Managers
Replies
Answer verified by a subject expert
andyborziandyborzi
wrote...
#1
Posts: 449
Rep: 13 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

insherro Author
wrote...

7 years ago
Thanks for your help!!
sakoon
wrote...

Yesterday
Good timing, thanks!
MLynneMcMillan
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1195 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 2415
  
 1671
  
 265
Your Opinion
Which is the best fuel for late night cramming?
Votes: 146
Previous poll results: Does a gender wage gap exist in America?