likkle_lucy_2k7
New member
How would the revenue change in each of these cases.
a) A business puts up its prices by 10 per cent when the price elasticity of demand for its product is -2.0
PLease explain how to work this out so i can do the rest of them
thanks
a) A business puts up its prices by 10 per cent when the price elasticity of demand for its product is -2.0
PLease explain how to work this out so i can do the rest of them
thanks