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 percent?
A) 0.02 percent
B) 38.6 percent
C) 66.7 percent
D) 4.3 percent
Correct Answer:
Verified
Correct Answer:
Verified
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