What would be the value of the price elasticity of demand

Reference no: EM133422873

Question: Assume that the 20 percent decrease in sales volume means the number of turkeys sold declined by 20 percent. Holding everything else constant, if a 10 percent increase in price was solely responsible for a 20 percent decrease in the quantity of turkeys sold, what would be the value of the price elasticity of demand for turkeys?

Reference no: EM133422873

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