huzaifahch07 huzaifahch07
  • 24-04-2021
  • Business
contestada

Suppose that a 2% increase in price results in a 6% decrease in quantity demanded. Own-price elasticity of demand is equal to:

Respuesta :

pinkeythegolden
pinkeythegolden pinkeythegolden
  • 24-04-2021

Answer:

-3

Explanation:

PED= change in quantity demanded /change in price

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