Assume that a shoe salesman learned the price elasticity of demand for her products is -1.5. How many percent will increase in total sales (revenue) if she cuts the price by 10%?

Posted Date: 2/15/2013 1:26:22 PM | Location : United States

Ask an Expert

Related Discussions:- Elasticity of Demand , Assignment Help, Ask Question on Elasticity of Demand , Get Answer, Expert's Help, Elasticity of Demand Discussions

Write discussion on Elasticity of Demand
Your posts are moderated

Write your message here..

Related Questions

Economic efficiency, Economic Ef ficiency The effort to ma... Economic Ef ficiency The effort to making products and services in the least costly way without sacrificing excellence.

TRENDS and Composition, discuss the trend and composition of national incom... discuss the trend and composition of national income and per capital income

Xbox games demanded, Think about the demand for the three popular game cons... Think about the demand for the three popular game consoles: XBox, PS3, and Wii. What is the effect on the demand for XBox games and the quantity of XBox games demanded if, other th

Economics, characteristics of microeconomics characteristics of microeconomics

Second best, what is the theory of second best ? prove the theorem with the... what is the theory of second best ? prove the theorem with the help of a diagram ?

Pure competition markets, what is pure competition markets? what is pure competition markets?

Price elasticity of demand, Suppose the price elasticity of demand for extr... Suppose the price elasticity of demand for extra dark chocolate truffles is -6. Hold other things constant , if price for Extra Dark Chocolate truffles is decrease by 3%, what wil

Pure monopoly, advantage dis advantage of pure monopoly advantage dis advantage of pure monopoly

Nature and scope of economics, explain the nature and scope of economics. explain the nature and scope of economics.

Micro, explain main features of short run engineering cost theory explain main features of short run engineering cost theory