Posted by: Pdfprep
Post Date: February 8, 2021
A business sells soft drinks at S3 a bottle and its current sales are 20,000 bottles per month. The price elasticity of demand for this product is -2.
If the price is reduced to $2 70, the change in the total revenue for the business will be:
A . -S3,300
B . +54.800
C . -SI 6.800
D . +S4.000
Answer: A
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