how do I figure this? please give examples with
explanation. I am at a loss
Danny hired Suzy as a consultant. she reports the
following:
should price increase, decrease or stay the samem
Product: chili, price elasticity-5.
product: soft drink, price elasticity 1
product: beef stew, price elasticity -0.25
product: salad, price elasticity -.036
product: brownie, price elasticity-5.1
product: fried chicken, -0.2