1. Why is the correct price to charge (for the unsold trees) the one at which the...

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1. Why is the correct price to charge (for the unsold trees) the one at which the price elasticity of demand equals –1? (Assume no disposal costs.)

2. Supermarkets have to pay for the rubbish they produce to be disposed of. Given this, what should they do with food that is approaching its sell-by date?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 08:23 AM

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1. Why is the correct price to charge (for the unsold trees) the one at which the...

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1 Because with a zero cost the shop will want to maximise the revenue from the sal...View the full answer

Economics

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