Mathematics, 05.04.2021 18:40 tonya3498
ECONOMICS PAPER 2 AND 3 EXAM PRACTICE QUESTION 7.7
A firm has a price elasticity of demand of -3.0 for its product. At a price of $20,
the firm sells 200 units of output. Calculate the effect on the firm's sales revenue of
increasing the price to $22
Answers: 3
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ECONOMICS PAPER 2 AND 3 EXAM PRACTICE QUESTION 7.7
A firm has a price elasticity of demand of -3.0...
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