When price of a salad was $13.47, 126 salads were sold per day. When P increased to
Fantastic news! We've Found the answer you've been seeking!
Question:
When price of a salad was $13.47, 126 salads were sold per day. When P increased to $ 14.51 , 68 were sold per day, ceteris paribus. What is the price elasticity of demand? (Round to two decimals if needed).
a.8.04
b.None of the answers offered are accurate.
c.7.24
d.9.65
e.0.12
Expert Answer:
Posted Date:
