Assume no insurance coverage. The pharmaceutical company producing Spinraza noticed that this drug was demanded slightly more after the price fell from $790,000 to $750,000: sales rose from 10,000 units to 10,200 units. Calculate the price elasticity of demand for Spinraza. Be careful to set your calculation properly and show the details of your calculation.

Answer rating: 100% (QA)

To calculate the price elasticity of demand for Spinraza we can use the formula Price Elasticity of ... View the full answer