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thanhha78 thanhha78
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6 years ago
The quantity of pencils sold is 1000 at the unit price $0.5. Suppose the price elasticity of demand for pencils by the initial value method is 2, and you would like to increase the quantity sold to 1200. Then the new price for pencils must be
A) $0.05.
B) $0.25.
C) $0.30.
D) $0.45.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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thanhha78 Author
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6 years ago
This site is awesome
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You make an excellent tutor!
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Thanks
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