Question

If the price of burger rises for 12 per piece to 20 per piece as a result of which the daily sales
decrease from 300 to 200 pieces per day. The price elasticity of demand can be estimated as​

Answer 1

Answer:

Mention........................... Topic

Answer 2

Answer:

$<marquee> When price falls to 8, the quantity demanded increases to 130. The price elasticity of demand between the prices of 10 and 8 is approximately: -1.17. The values for quantity demanded along this nonlinear demand curve are given by the formula Q = 24/P.$