Business
Business, 17.09.2019 19:00, Jaaaack

13. if price elasticity of demand = -1.5 and price increases by 20 percent, then
[a] demand will decrease by 30 percent.
[b] total revenue will increase.
[c] quantity demanded will decrease by 3 percent.
[d] total revenue will remain unchanged.
[e] quantity demanded will decrease by 30 percent.

answer
Answers: 1

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13. if price elasticity of demand = -1.5 and price increases by 20 percent, then
[a] demand wi...

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