Question
To see the effect that elasticity has on total revenue, fill in the table below: Price Quantity Revenue Elastic or Inelastic Initial New Initial New
To see the effect that elasticity has on total revenue, fill in the table below:
Price
Quantity
Revenue
Elastic or Inelastic
Initial
New
Initial
New
Before price change
After price change
25
30
100
40
1. __________
40
70
120
90
2. ___________
200
210
80
64
3. ___________
50
75
150
135
4. ___________
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Contemporary Advertising
Authors: William F Arens
16th Edition
1260735419, 9781260735413
