assume the demand function for skin care products is given by Q=1,000-20P+5l. If P=$25 and l=$1,000 currently, thenskin care products are a normal goodthe elasticity of demand is equal to 11skin care products are inferiorthe price is too high
assume the demand function for skin care products is given by Q=1,000-20P+5l. If P=$25 and l=$1,000 currently, thenskin care products are a normal goodthe elasticity of demand is equal to 11skin care products are inferiorthe price is too high