Given that the elasticity of demand of a product is 0.5, when the price is 3.2 yuan per kg

匿名用户 最后更新于 2021-07-01 13:15 商科Business

Given that the elasticity of demand of a product is 0.5, when the price is 3.2 yuan per kg, the sales volume is 1000 kg. If the price drops by 10%, how much will the sales volume become? Did total sales revenue increase or decrease? How much more or less?

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