Last month, an appliance store sold 82 refrigerators at $779 each. This month, the floor manager has estimated that the store can sell 90 refrigerators if the price is lowered to $739 per unit. Calculate the price elasticity of demand for refrigerators. [ 4.2.1 Computing the Price Elasticity of Demand A) 1.77 B) 0.57 C) 0.20 D) 1.90

Last month, an appliance store sold 82 refrigerators at $779 each. This month, the floor manager has estimated that the store can sell 90 refrigerators if the price is lowered to $739 per unit. Calculate the price elasticity of demand for refrigerators. [ 4.2.1 Computing the Price Elasticity of Demand A) 1.77 B) 0.57 C) 0.20 D) 1.90

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 17SQ

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