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You are given the following information on quantity and price of Tesla cars. Price Quantity Demanded (Tesla) $100,000 200,000 $ 90,000 350,000 Calculate the price
You are given the following information on quantity and price of Tesla cars. Price Quantity Demanded (Tesla) $100,000 200,000 $ 90,000 350,000 Calculate the price elasticity of demand for Tesla cars. (Hint: Please include the formula forprice elasticity of demand in your answer). 11 . Elaborate on the factors that would impact the elasticity of demand of cars? (Hint: Your answer can be sourced from outside the case study. However, you must cite your source. Provide four (4) discussion points for this question)
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