which option is right? is it the last one? If we decrease price by another 10 percent, our customers'own price elasticity for our gigabytes becomes 0.60 inabsolute value.Connecting UExecutiveJoe, if Connecting U drops its price by another 10 percent,how will their customers change their quantity demanded?Curious CallyAlong with the rest of Connecting U's customers, I will increase my quantity demanded by 6percent.Along with the rest of Connecting U's customers, I will increase my quantity demanded by 16percent.Along with the rest of Connecting U's customers, I will decrease my quantity demanded by 6percent.

Demand is the total quantity of products and services for which the customers are willing to…

Answered: Joe, if Connecting U drops its price by…

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Joe, if Connecting U drops its price by another 10 percent, how will their customers change their quantity demanded?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

which option is right? is it the last one?

If we decrease price by another 10 percent, our customers'
own price elasticity for our gigabytes becomes 0.60 in
absolute value.
Connecting U
Executive
Joe, if Connecting U drops its price by another 10 percent,
how will their customers change their quantity demanded?
Curious Cally
Along with the rest of Connecting U's customers, I will increase my quantity demanded by 6
percent.
Along with the rest of Connecting U's customers, I will increase my quantity demanded by 16
percent.
Along with the rest of Connecting U's customers, I will decrease my quantity demanded by 6
percent.

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