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SQ-2: The price of Boca Cola was 40 Taka per litre in 2017 and annual Sales were 300 million bottles. In 2018 the Boca Cola

SQ-2: The price of Boca Cola was 40 Taka per litre in 2017 and annual Sales were 300 million bottles. In 2018 the Boca Cola company increased the price to 50 Taka per litre. Sales were decreased to 275 million bottles same year. Calculate the price elasticity of demand for Boca Cola based on the given data. Write down the PED formula, show calculations and explain.

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