question archive The price elasticity of demand for Dell PCs is estimated to be -2
The price elasticity of demand for Dell PCs is estimated to be -2
Subject:EconomicsPrice:2.88 Bought3
The price elasticity of demand for Dell PCs is estimated to be -2. If this estimate is accurate, a 19% price reduction will
a. have no effect on Dell's total revenue.
b. increase the quantity of these computers demanded by 19%.
c. have no effect on the quantity demanded.
d. increase the quantity of these computers demanded by 38%.
