toricarter00
14.10.2019 •
Business
For workers to truly accept organizational goals, the workers must
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Ответ:
Ответ:
The price elasticity of demand is calculated by dividing the percentage change in quantity by percentage change in price.
Percentage change in quantity is given, but the percentage change in price is not given so we first need to calculate percentage change in price.
Percentage change in price = 2.5/ 3.60 -1
= -30.55%
Price elasticity of demand = % change in quantity/ % change in price
= 7%/ -30.55%
= -0.23
The most approximate answer is option B.