- This topic has 2 replies, 3 voices, and was last updated 10 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
A shop sells 100 shirts each month at a price of $20. When the price is increased to $24 the total sales revenue rises by 14% . Within which range does the price elasticity of demand lie?
A. Under 0.15
B. Greater than 0.15 and less than 0.5
C. Greater than 0.5 and less than 1.0
D. Greater than 1.0
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.