huzaifahch07 huzaifahch07
  • 24-04-2021
  • Business
contestada

Suppose that a 2% increase in price results in a 6% decrease in quantity demanded. Own-price elasticity of demand is equal to:

Respuesta :

pinkeythegolden
pinkeythegolden pinkeythegolden
  • 24-04-2021

Answer:

-3

Explanation:

PED= change in quantity demanded /change in price

Answer Link

Otras preguntas

Which compound would most likely turn litmus paper to a red color? a. CH₃CH₂CH₂OH  b. CH₃CH(Br)CH(Br)CH₃ c. CH₃CH₂CH(Br)CH₃ d. CH₃CH₂CH₂COOH  e. CH₃CH₂CH₂CH₃
What 2 square numbers have a sum of 130
Joseph is filling a box with books that weigh 2 pounds each. The most the box can hold is 15 pounds. How many books can Joseph put in the box? Please work it ou
41 ten thousands in standard form
the apartment building where hannah lives was built with 213,854 bricks. how many groups of 100,000 bricks can you make with 213,854?
Round 157 to the nearest ten
600,000+80,000+10 I'm word and standard form
Re-write the set W by listing its elements. Use the appropriate set notation. W= { x / x is an integer and x > 3}
Use expressions for odd integers to confirm the conjecture that the product for two odd integers is an odd integer.
what is 7000 is 1/10 of