IMC301c_-_FA_2024_-_FE_3128.webp

Kizspy | Question: 11
(Choose 1 answer)
A product is being sold at a price of €110. After a price increase to €130, the number of units sold drops from 5,000 units to 4,500 units. What is the price elasticity?
Α. -0.55
B. -5.5
C. -1.8
D. -0.18