The price elasticity of demand for a product is 0.76. A percentage change in price is 13%. The initial quantity of the product is 250 units. Calculate the new quantity of the product
The price elasticity of demand for a product is 0.76. A percentage change in price is 13%. The initial quantity of the product is 250 units. Calculate the new quantity of the product
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 15SQ
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Calculate the new quantity of the product
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