Microeconomics

- Apply: Summative Assessment: Quiz [due Day 7] - Connect mmative Asse... Saved Help Save & Exit Submit You are the only seller of eggs in town, and the price-elasticity coefficient for eggs is known to be 2. If you want to increase your sales quantity by 5 percent through a price change, what should you do to the price? major Multiple Choice reduce price by 2.5 percent and resources will be underallocated to O increase price by 2.5 percent defeet this project and no resources word O reduce price by 10 percent twogas will be efficiently all. ined O increase price by 10 percent