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Category > Accounting Posted 25 May 2017 My Price 5.00

The price of a good is $1.20 per unit and annual demand is 800,000 units

The price of a good is $1.20 per unit and annual demand is 800,000 units. Market research indicates that an increase in price of 10 cents per unit will result in a fall in annual demand of 75,000 units. What is the price elasticity of demand?

 

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Alpha Geek
(8)
Status NEW Posted 25 May 2017 11:05 AM My Price 5.00

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Attachments

file 1495711054-1396962_1_636312668977407406_Price-elasticty-of-demand.xlsx preview (86 words )
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