Discuss how will this sabotage affect the results


The ECON6351 Company was considering a price increase and wished to calculate the price elasticity of demand. A market researcher and an economist were hired to study demand. In a controlled experiment, it was measured that at 8 cents, 100 pencils were sold while at the10 cents, 60 pencils were sold, yielding an elasticity of 2.25. However, Sandy and you were industrial spies, employed by the EF Pencil Company and sent to ECON6351 to cause as much trouble as possible. Discuss how will this sabotage affect the results?

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Macroeconomics: Discuss how will this sabotage affect the results
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