Economy, asked by ekubazegikassahun, 8 months ago

Vik and Fleet produce trainers in the sports-shoe market. For one of their main products they have the following demand curves:
Vik PV = 175 _ 1.2QV
Fleet Pf = 125 _ 0.8Q f where P is in Br and Q is in pairs per week.
The firms are curren1sxctly selling 80 and 75 pairs of their products per week respectively.
a. What is the current price elasticity’s for the products?

Answers

Answered by Itzabhi001

0

Explanation:

The firms are curren1sxctly selling 80 and 75 pairs of their products per week respectively.

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