Multiple Choice
An Internet company wants to increase the consumption of Internet packages by 15%.The price elasticity of demand for Internet packages is 2.The telephone company should
A) lower the price of Internet packages by 30.0%.
B) lower the price of Internet packages by 7.5%.
C) lower the price of Internet packages by 3.0%.
D) raise the price of Internet packages by 0.1%.
Correct Answer:
Verified
Correct Answer:
Verified
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