6. Assume the price elasticity of demand for Master chips is -2.0. If the company decreases the price of each bag of chips from $1.89 to $1.49, the number of bags sold will: * O Decrease by 39...


6. Assume the price elasticity of demand for Master chips is -2.0. If the company<br>decreases the price of each bag of chips from $1.89 to $1.49, the number of bags<br>sold will: *<br>O Decrease by 39 percent.<br>Increase by 47 percent.<br>O Increase by 39 percent.<br>O Increase by 24 percent.<br>

Extracted text: 6. Assume the price elasticity of demand for Master chips is -2.0. If the company decreases the price of each bag of chips from $1.89 to $1.49, the number of bags sold will: * O Decrease by 39 percent. Increase by 47 percent. O Increase by 39 percent. O Increase by 24 percent.

Jun 10, 2022
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