ECONOMICS
ELASTICITY OF DEMAND
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Question 4Amy advertises to sell cookies for RM4 a dozen. She sells 50 dozen, and decides that she can charge more. She raises the price to RM6 a dozen and sells 40 dozen.What is Amy’s elasticity of demand?
|
|
-0.10
|
|
|
-0.40
|
|
|
0.50
|
|
|
1.00
|
Explanation:
There is 1 question to complete.