If the price elasticity of demand in the united states for, Ask an Expert

Economics

If the price elasticity of demand in the United States for American-made luxury cars is 1.9, what is the impact on revenue if the price increases by 10%?

Revenue increases by 10%

Revenue increases by 5%

Revenue decreases by 9%

Revenue decreases by 18%

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91519712

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