Cecilia sells bangus for PHP 100.00 and her Qd1 =500. When she decides to sell it for PHP 12, her Qd2 becomes 450. At what price should Cecilia sell her bangus to get a bigger revenue, PHP 100 or PHP 125? Is Qd elastic or inelastic? Give the value of the Price Elasticity of Demand and interpret.

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Cecilia sells bangus for PHP 100.00 and her Qd1 =500. When she decides to sell it for PHP 12, her Qd2 becomes 450. At what price should Cecilia sell her bangus to get a bigger revenue, PHP 100 or PHP 125? Is Qelastic or inelastic? Give the value of the Price Elasticity of Demand and interpret. 

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