Due to inflation and shortages created by supply chain shortages, the price of Paco Rabanne's Eau de Toilette Spray increased
12.5% during the Xmas 2021 season. If the price elasticity of demand for the perfume is 0.9, what will happen to sales? Show
math.

I need help please

Question

28-02-2022
Business

Answered

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Due to inflation and shortages created by supply chain shortages, the price of Paco Rabanne's Eau de Toilette Spray increased
12.5% during the Xmas 2021 season. If the price elasticity of demand for the perfume is 0.9, what will happen to sales? Show
math.

I need help please

Sagot :

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ewomazinoade ewomazinoade · Answer 1 · 2022-03-10T03:42:03-05:00

The sales of Paco Rabanne's Eau de Toilette Spray would fall by 11.25%.

What is the price elasticity of demand?

The price elasticity of demand measures the impact of price changes on the quantity demanded of good. When t the price elasticity of demand is less than 1, demand is inelastic.

Percentage change in the quantity demanded = price elasticity x percentage change in price

12.5% x 0.9 = 11.25%

To learn more about supply elasticity, please check: https://brainly.com/question/26634801

Due to inflation and shortages created by supply chain shortages, the price of Paco Rabanne's Eau de Toilette Spray increased 12.5% during the Xmas 2021 season. If the price elasticity of demand for the perfume is 0.9, what will happen to sales? Show math. I need help please

Sagot :

What is the price elasticity of demand?

Other Questions

Due to inflation and shortages created by supply chain shortages, the price of Paco Rabanne's Eau de Toilette Spray increased
12.5% during the Xmas 2021 season. If the price elasticity of demand for the perfume is 0.9, what will happen to sales? Show
math.

I need help please