Multiple Choice
Enchante Inc.is a high-end perfume manufacturer.It slashed the price of its brand of perfume "Entice" by 5 percent,which resulted in a 20 percent increase in sales.Estimate the price elasticity for Entice.
A) 4
B) 5
C) 20
D) 100
Correct Answer:
Verified
Correct Answer:
Verified
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