The local farm supply store has a clothing section and sells insulated coveralls. they recently increased the
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Question:
The local farm supply store has a clothing section and sells insulated coveralls. they recently increased the price from 42 to 45. after the price increase they observed that the weekly sakes declined from 90 to 87. Caculate the price elasticicty of demand for coveralls in the local market. compare the total revenue generated by the coveralls before and after the increase in price.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: