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matashola matashola
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7 years ago
A price elasticity of -2.0 means that a price reduction of one percent will result in _____.
a.   a decrease in demand by 2%
b.   a decrease in demand by 20%
c.   an increase in demand by 2%
d.   an increase in demand by 20%
e.   a decrease in market share by 2%
Textbook 
Market Based Management

Market Based Management


Edition: 5th
Author:
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D-manD-man
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7 years ago
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matashola Author
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#2
7 years ago
My friend got the same as you Smiling Face with Open Mouth
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