Question
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
I think its B; can someone help me?
A. 125
B. 150
C. 200
D. 250
I think its B; can someone help me?
Answers
oops It's D 250
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