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If a firm reduces the price of its product from $6 to $4 and the quantity demanded of the product increases from 45,000 to 55,000 units per week, then the arc price of elasticit…

If a firm reduces the price of its product from $6 to $4 and the quantity demanded of the product increases from 45,000 to 55,000 units per week, then the arc price of elasticit…
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If a firm reduces the price of its product from $6 to $4 and the quantity demanded of the product increases from 45,000 to 55,000 units per week, then the arc price of elasticity is equal to A. –10. B. –0.5. C. 0. D. –1.

asked
User Michal Gumny
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8.4k points

1 Answer

4 votes

Answer:

The correct answer is

B. –0.5

good luck ❤

answered
User Fada
by
8.0k points
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