Business, 04.11.2021 21:20, anonymous1813

30 POINTS PLEASE EXPLAIN - MICROECONOMICS A local drinking establishment recently raised its price of a draft beer from $4 to $5. As it did, the number beers it sold decreased from 5,000 to 4,000 per month of this particular brew.

Over this price range what was the elasticity of demand for this beer?

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30 POINTS PLEASE EXPLAIN - MICROECONOMICS A local drinking establishment recently raised its price...