Which of the following best represents the idea of price elasticity?

Which of the following best represents the idea of price elasticity?

  • If I raise volumes by 10%, by how much does the price adjust?
  • If I raise the price by 1%, by how much does demand drop?
  • If I drop the price by 1%, by how much does demand drop?
  • If I drop volumes by 10%, by how much does the price adjust?

Get All Week Quiz Answer:

Introduction to Marketing Coursera Quiz Answer

Similar Posts