What is the price elasticity of demand for this product?


A business sells 10,000 units of its product pet month at a unit price of $10 It reduces the pnce to $88,000 per unit As a result its total reviewed $88,000 per month.

What is the price elasticity of demand for this product?
A . +1.87
B . +0.6
C . -2
D . -0.5

Answer: D

Leave a Reply

Your email address will not be published.