Multiple Choice
You are the manager of a popular shoe company.You know that the advertising elasticity of demand for your product is 0.15.How much will you have to increase advertising in order to increase demand by 10%?
A) 0.02%.
B) 38.6%.
C) 66.7%.
D) 4.3%.
Correct Answer:
Verified
Correct Answer:
Verified
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