Suppose the price elasticity of demand for a product is 05


Suppose the price elasticity of demand for a product is 0.5. If a supplier wants to increase revenue, what change should it make to price, if any?

Solution Preview :

Prepared by a verified Expert
Business Management: Suppose the price elasticity of demand for a product is 05
Reference No:- TGS01483907

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)