The price elasticity of demand for stork ice cream is -4, Ask an Expert

Economics

The price elasticity of demand for Stork ice cream is -4. Suppose you're told that following a price increase, quantity demanded fell by 10 percent. What was the percentage change that brought about this change in quantity demanded?

a. 40%

b. 25%

c. 2.5%

d. .04%

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91366483

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