Problem
When the price of shirts emblazoned with a college logo is $20, consumers buy 150 per week. when the price declines to $19, consumers purchase 200 per week. Based on this information, calculate the price elasticity of demand for logo- emblazoned shirts.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.