Calculation the price elasticity of demand

Reference no: EM133221152

Question - Price Elasticity - The vending machines sell soft drinks at $3.50 per bottle. Now at this price, consumers buy 4,000 bottles per week. To increase sales, it has been decided to decrease the price to $2.50, increasing sales to 5,000 bottles. Calculation the price elasticity of demand.

Reference no: EM133221152

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