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Mathematics 15 Online
OpenStudy (anonymous):

If the price elasticity of demand for canned soup is -1.62. What happens to the sales revenue if the price of canned soup rises? a. it rises by 1.62% b. it falls c. it rises d. it falls by 162%

OpenStudy (anonymous):

If prices goes up then demand will fall which means the sells will fall. DO not know exactly by how much. But this question is more of economics.

OpenStudy (anonymous):

thanks =D

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