Question
If the price of the product goes up from $20 to $25 while the quantity demanded goes down from 800 to 600 units per month,
If the price of the product goes up from $20 to $25 while the quantity demanded goes down from 800 to 600 units per month, what is the price elasticity of demand (NOT using the midpoint formula)?
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Crafting and Executing Strategy The Quest for Competitive Advantage
Authors: Arthur Thompson, Margaret Peteraf, John Gamble, A. J. Strickland III
19th edition
78029503, 978-0078029509
