Pepsi Has Found That Consumers Will Purchase Ten Cases of Pepsi

question 323

Multiple Choice

Pepsi has found that consumers will purchase ten cases of Pepsi One at $5.00 a case; however,in order to increase demand,they price twelve cases at $4.00 a case.They decide to calculate the _________ and find the answer to be -0.81.

• A)marginal revenue
• B)price elasticity of demand
• C)average demand
• D)marginal demand

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