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# \$1.00In a local market

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In a local market, the monthly price of Internet access service decreases from \$20 to \$10, and the total quantity of monthly accounts across all Internet access providers increases from 100,000 to 200,000. What is the price elasticity of demand? Is demand elastic, unit-elastic or inelastic?

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Preview: ... e PED is 2 it can be predicted that a 5% i ...

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Preview: ...  â†’ 200,000 percentage change = (200,000-100,000)/100 ...

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10 Local Marketing Trends for 2011
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