A huge increase in resource costs causes the price

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Q. Assume which Ms. Thomson is presently exhausting her funds income by purchasing 10 units of A also 8 units of B at prices of \$2 also \$4 respectively. The marginal utility of the last units of A also B are 16 also 24 respectively. These data suggest which Ms. Thomson

Q. Block's sells 500 bottles of perfume when the price is \$7. A huge increase in resource costs causes the price to rise to \$9 also Block's only manages to sell 460 bottles of perfume. The price elasticity of demand is:

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