Business, 16.10.2019 01:30 queenkimm26
As the manager of a golf resort, you want to increase the number of tee times sold by 10%. your staff economist (and junior caddy) has determined that the price elasticity of demand for tee times is –1.5. to increase sales by the desired amount, how much should you decrease the price of a tee time in percentage terms?
(a)-6.67%
(b)-15.5%
(c)-8%
(d)-20%
Answers: 1
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As the manager of a golf resort, you want to increase the number of tee times sold by 10%. your staf...
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