i really need help figuring this outThis week, Super-Save Supermarket
i really need help figuring this out<br/>This week, Super-Save Supermarket
lowered the price of apples from $1 to 90 cents per pound. The quantity of apples sold last week was 200 pounds. This week, the quantity sold was 250 pounds. Calculate the price elasticity of demand. Is it elastic, inelastic, or unitary elastic? What happens to total revenue?