The own price elasticity of Anne's apple pies is 5.
If the aggregate market for apple pies has its own price elasticity of 1.25, Anne's apple pies have an approximate market share of:
a) 6.25% b) 25% c) 10% d) 20%
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The own price elasticity of Anne's apple pies is 5. If the aggregate market for apple pies has its own price elasticity of 1.25, Anne's ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » The own price elasticity of Anne's apple pies is 5. If the aggregate market for apple pies has its own price elasticity of 1.25, Anne's apple pies have an approximate market share of: a) 6.25% b) 25% c) 10% d) 20%