Question
Page 1620 is planning to offer a discounted BTS cake on its anniversary celebration by 50% off price per slice with a determined 2.12 income
Page 1620 is planning to offer a discounted BTS cake on its anniversary celebration by 50% off price per slice with a determined 2.12 income elasticity coefficient. Also, the average allowance of students rises from Php300 to Php400 per day. As students of microeconomics, determine the estimated increase in sales of BTS cake to help Page 1620 with its plan.
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Principles of Microeconomics
Authors: N. Gregory Mankiw
8th edition
1305971493, 978-1305971493
