question archive The manager of Viking Sports finds that the price elasticity of baseball bats is -0
The manager of Viking Sports finds that the price elasticity of baseball bats is -0
Subject:EconomicsPrice:2.88 Bought3
The manager of Viking Sports finds that the price elasticity of baseball bats is -0.77. He wants to hold a sale to get rid of his inventory.
How will you advise him?
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Because the price elasticity of demand is less than one (), it is said to be inelastic. The viking sports manager should sell the basketball bats and if possible, increase price to increase his revenues. This is because quantity demanded of bats is less unresponsive to changes in price.
