Price Mart reduces the price of a 42 inch TV Plasma from $1,200 to $1,000. As a

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Price Mart reduces the price of a 42 inch TV Plasma from $1,200 to $1,000. As a result sales of TV Plasmas increased from 30 units a month to 42 units a month. Calculate the price elasticity of demand for TV Plasmas. How could we classify the demand for TV Plasmas?

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A Concise Introduction to Logic

ISBN: 978-1305958098

13th edition

Authors: Patrick J. Hurley, Lori Watson

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