pratz1316 pratz1316
  • 19-03-2018
  • Business
contestada

Suppose the value of the price elasticity of demand is minus−3. what does this​ mean?

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daverusin daverusin
  • 21-03-2018
Then demand is low based upon the price.  This may mean the price offered is to high or here is an oversupply of goods.   
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