Multiple Choice
When a stationery store increases its price for a popular computer notebook from $1,000 to $1,250,its quantity demanded decreases from 400 to 250 per month.Its price elasticity of demand (expressed as a positive number) equals ________.
A) 1.11
B) 2.07
C) 2.30
D) 2.50
Correct Answer:
Verified
Correct Answer:
Verified
Q68: The difference between loss leaders and bait-and-switch
Q69: Many channel price strategies reflect channel conflict
Q70: Unit pricing laws are necessary because of
Q71: Price elasticity of demand is negative since
Q72: If total revenue increases when prices increase,the
Q74: In which pricing technique does a retailer
Q75: The opposite of setting prices by negotiation
Q76: A 100 percent markup at retail is
Q77: The most widely used retail-pricing technique is
Q78: A jewelry store has been offered a