Apriel sells fried chicken with rice for Php 50 to earn during community quarantine. At this price, she can sell 200 packs of fried chicken. When she decided to cut its cost by half, she noticed that...

Apriel sells fried chicken with rice for Php 50 to earn during community quarantine. At this price, she can sell 200 packs of fried chicken. When she decided to cut its cost by half, she noticed that she could sell 220 kilos. By having sold 220 kilos, was Apriel able to raise her profits? Compute for the elasticity of demand for the fried chicken. Compute

May 04, 2022
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