28) A good currently sells for $15 and has a price elasticity of -2. After running...
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28) A good currently sells for $15 and has a price elasticity of -2. After running a promotion in a local newspaper, management has decided the price elasticity is now -3. What new price should they charge? 28) A good currently sells for $15 and has a price elasticity of -2. After running a promotion in a local newspaper, management has decided the price elasticity is now -3. What new price should they charge?
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In the event that Ed 0 it is perfect inelastic an 1 adjustment of pricedoesnt influence ... View the full answer
Related Book For
College Physics Reasoning and Relationships
ISBN: 978-0840058195
2nd edition
Authors: Nicholas Giordano
Posted Date:
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