Multiple Choice
Makers of disposable diapers must advertise 5% more to offset completely the 2% decline in sales due to heightened environmental concern.The advertising elasticity of demand is:
A) 4.0.
B) 0.4.
C) 2.5.
D) 0.25.
E) 0.20.
Correct Answer:
Verified
Correct Answer:
Verified
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