Fill in the values in the equation to calculate the PED for the Sanani coffee.
Report area
Price and quantity demanded - Sanani
Price [$] 20 23
Quantity demanded [lb] 400 360
Input area
Price Elasticity of Demand (PED)
=
abs
(
Fill in the values in the Price Elasticity of Demand equation, which states that Price Elasticity of Demand equals absolute value of the numerator divided by the denominator.
Numerator
Denominator
%
%
)
=
The equation result is question mark.
?
Report area
Price and quantity demanded - Sanani
Price [$] 20 23
Quantity demanded [lb] 400 360
Input area
Price Elasticity of Demand (PED)
=
abs
(
Fill in the values in the Price Elasticity of Demand equation, which states that Price Elasticity of Demand equals absolute value of the numerator divided by the denominator.
Numerator
Denominator
%
%
)
=
The equation result is question mark.
?