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hiusy98 hiusy98
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7 years ago
You have the following demand equation for a pack of cigarettes: Q = 200 - 0.30P with the average quantity 3 packs and average price $3.00 per pack. What is the price elasticity?
A) 0.30
B) -0.30
C) 1.0
D) -1.0
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Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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toogootoogoo
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hiusy98 Author
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7 years ago
This course was so challenging before I signed up here, thanks
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