The price of good a is eur 20the quantity demanded is 500, Ask an Expert

Economics

The price of good A is Eur 20,the quantity demanded is 500 units at yhis price,and price elasticity of demand is Ep=1,8,then a reduction in price of the good by eur 5 would increase the total revenue of seller by

a) 540 eur

b) 875 eur

c) 600 eur

d) 480eur

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91365927

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