![Chapter 3 - Demand and Supply Applications - Price Elasticity of Demand Price elasticity of demand: - StuDocu Chapter 3 - Demand and Supply Applications - Price Elasticity of Demand Price elasticity of demand: - StuDocu](https://d20ohkaloyme4g.cloudfront.net/img/document_thumbnails/7413e3c45db46931936e3e5b1fe6776e/thumb_1200_1553.png)
Chapter 3 - Demand and Supply Applications - Price Elasticity of Demand Price elasticity of demand: - StuDocu
![We observe a 15% increase in price of Nike shoes, and the price elasticity of demand for Nike shoes is -3. If so, then quantity demanded: a. will decrease by 45%. b. We observe a 15% increase in price of Nike shoes, and the price elasticity of demand for Nike shoes is -3. If so, then quantity demanded: a. will decrease by 45%. b.](https://homework.study.com/cimages/videopreview/videopreview-full/capture_115986.jpg)
We observe a 15% increase in price of Nike shoes, and the price elasticity of demand for Nike shoes is -3. If so, then quantity demanded: a. will decrease by 45%. b.
![Price Taker to Price Maker: Journey of pricing the Nike way. | T2 2016 MPK732 MARKETING MANAGEMENT (CLUSTER B) Price Taker to Price Maker: Journey of pricing the Nike way. | T2 2016 MPK732 MARKETING MANAGEMENT (CLUSTER B)](https://mpk732t22016clusterb.files.wordpress.com/2016/09/line-graph.jpg)