Question on: JAMB Economics - 2001
If the price elasticity of demand for a good is 0.43, an increase in the price of the good will result in?
A
an increase in profit by 43%
B
a net gain
C
a decrease in profit 43%
D
a net loss
Ask EduPadi AI for a detailed answer
Correct Option: B
Add your answer
Please share this, thanks!
No responses