Your friend runs a business of hand sanitizers. If the price per unit is 20 taka and his total revenue is 193 taka, how many units of product did he sell? Please give your answer in 2 decimal places. Now, the demand for hand sanitizers is inelastic Would you suggest your friend to increase the price of the hand sanitizers? (Yes or No) One word Answer
Your friend runs a business of hand sanitizers. If the price per unit is 20 taka and his total revenue is 193 taka, how many units of product did he sell? Please give your answer in 2 decimal places. Now, the demand for hand sanitizers is inelastic Would you suggest your friend to increase the price of the hand sanitizers? (Yes or No) One word Answer
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 6SQ: If a decrease in the price of movie tickets increases the total revenue of movie theaters, this is...
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