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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%
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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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