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chomtong chomtong
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Posts: 589
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6 years ago
The ABC Computer Company wants to increase the quantity of computers it sells by 5%. If the price elasticity of demand is -2.5, the company must
A) decrease price by 2.0%.
B) decrease price by 0.5%.
C) increase price by 0.5%.
D) increase price by 2.0%.
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Answer verified by a subject expert
Akshtsaklani21Akshtsaklani21
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Posts: 604
6 years ago
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chomtong Author
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6 years ago
Smart ... Thanks!
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Yesterday
This helped my grade so much Perfect
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2 hours ago
this is exactly what I needed
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