Question
the price elasticity of demand for coca-cola in the united states has been reported to be -3.8 , while that at mountain dew has been
the price elasticity of demand for coca-cola in the united states has been reported to be -3.8, while that at mountain dew has been reported at -4.4. Assuming these reports are accurate, answer this and the following questions:
What is the percentage change in unit sales (gallon sold) of Coca-Cola of a 10% price increase? Explain your answer by showing your calculations?
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Fundamentals of Managerial Economics
Authors: Mark Hirschey
9th edition
324584830, 978-0324588781, 032458878X, 978-0324584837
