An end-of-aisle price promotions changes the price elasticity of a good from -2 to -3. If the

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An end-of-aisle price promotions changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?

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Managerial Economics A Problem Solving Approach

ISBN: 978-1133951483

3rd edition

Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War

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Question Posted: Feb 13, 2014 09:45 AM

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An end-of-aisle price promotions changes the price elasticity of a good from -2 to -3. If the

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The promotion has made consumers more price sensitive and has made demand more el...View the full answer

Managerial Economics A Problem Solving Approach

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