dashaunpeele
27.02.2020 •
Business
When the price of a textbook falls by 4 percent, the quantity demanded of textbooks increases by 5 percent. What is the price elasticity of demand for textbooks?
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Ответ:
The price elasticity of demand for textbooks is 1.25
Explanation:
Price elasticity of demand is given by percentage change in quantity demanded divided by percentage change in price
Percentage change in quantity of textbooks demanded = 5%
Percentage change in the price of a textbook = 4%
Price elasticity of demand for textbooks = 5% ÷ 4% = 1.25
Ответ:
idk
Explanation: