SFA Exam Russia
Financial Analyst Certificate Examination (Сертификат финансового аналитика, СФА)
EconomicsEnglish
Exam overviewPractice session
A consumer goods retailer raises the price of a branded beverage from 100 RUB to 110 RUB per unit (+10.0%). As a result, the weekly quantity demanded falls from 5,000 units to 4,200 units (-16.0%). Using initial values to calculate percentage changes, what is the price elasticity of demand, and how is the good characterized?
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