Point elasticity is useful for which of the following situations?
(a) The bookstore is considering doubling the price of notebooks
(b) A restaurant is considering lowering the price of its most expensive dishes by 50%
(c) An auto producer is interested in determining the response of consumers to the price of cars being lowered by ₹ 100
(d) None of the above
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Hey mate here is your answer ❤️
Option C is correct..
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