Anonymous asked in Social ScienceEconomics · 3 weeks ago

econ 201 question help ?

A local Krispy Kreme doughnut shop reduced its prices by 10 percent, and as a result, the quantity of doughnuts sold increased by 25 percent.Over this range, the absolute value of the price elasticity of demand was

1 Answer

  • Oiy
    Lv 6
    3 weeks ago

    It should be 2.5 in absolute terms. But it is the normal demand curve with negative slop.

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