Celine Runs a Sporting Goods Store and Knows That the Price

question 104

Multiple Choice

Celine runs a sporting goods store and knows that the price elasticity of demand for her sports clothing line is -1.5.She is planning to lower prices by 10 percent.The percentage change in quantity demanded will be

• A) 15 percent.
• B) 0.15 percent.
• C) 6.66 percent.
• D) 0.06 percent.
• E) 8.50 percent.

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Definitive Conclusion

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Gender

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