Price elasticity
reneegg1990If a 11% increase in price of cheerious causes a 27% reduction in the number of boxes of cereal demanded, the price elasticity of demand for cheerious is? is it elastic, inelastic or unit-elastic
If a 16% increase in price of cheerious causes a 12% reduction in the number of boxes of cereal demanded, the price elasticity of demand for cheerious is? is it elastic, inelastic or unit-elastic
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