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corie corie
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Posts: 767
4 years ago
Your local grocery store offers a coupon that reduces the price of milk during the coming week.  The regular retail price of milk in the store is $3.00 per gallon, and the coupon price is $2.00 per gallon for the next week.  If the store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users?
A) -0.67
B) -1.0
C) -1.5
D) We do not have enough information to answer the question.
Textbook 

Microeconomics


Edition: 8th
Author:
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boransalboransal
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Posts: 474
4 years ago
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