Question
Macy's increased the price of one of its dresses from $100 to $120. The increase caused a decrease in the quantity demanded from 1,000 coats
Macy's increased the price of one of its dresses from $100 to $120. The increase caused a decrease in the quantity demanded from 1,000 coats to 900 coats. Calculate the price elasticity of demand using the simple method
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
