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dlinn [17]
3 years ago
13

Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount wou

ld increase sales by: A.50%. B.2%. C.200%. D.25%.
Business
1 answer:
sweet-ann [11.9K]3 years ago
6 0

Answer:

A.50%.

Explanation:

The price elasticity of demand formula is:

PED = Change in quantity demanded / change in price

plugging the amounts into the formula we obtain:

2 = X / 25%

Now, simply solve for X:

2 x 25% = X

50% = X

Thus, the total quantity demanded would increase by 50%

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