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1.3 Price determination in a competitive market

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Question 29

An independent publisher decides to decrease the retail price of its flagship digital audiobook.

Which one of the following price elasticities of demand for the audiobook will result in the largest increase in the publisher's total revenue?

−0.45-0.45−0.45

−0.90-0.90−0.90

−2.25-2.25−2.25

−1.15-1.15−1.15

1.3 Price determination in a competitive market Questions

  1. A Level
  2. /Economics
  3. /1.3 Price determination in a competitive market