Business
Business, 05.11.2020 19:20, alayciaruffin076

If a company increases its prices from $2 to $2.20, and its sales fall from 5 million units to 4.5 million units, using the midpoint method, what is the price elasticity of demand for this market? a. 1
b. 1.5
c. 2
d. 0.5

answer
Answers: 3

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If a company increases its prices from $2 to $2.20, and its sales fall from 5 million units to 4.5 m...

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