Multiple Choice
The quantity of TVs sold is 100 at the unit price $200. Suppose the price elasticity of demand for TVs by the initial value method is 2.0, and you would like to decrease the unit price for TVs to $150. Then the new quantity sold must be
A) 125.
B) 150.
C) 200.
D) 250.
Correct Answer:
Verified
Correct Answer:
Verified
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