Question: 1 0 . Individual Problems 6 - 3 An end - of - aisle price promotion changes the price elasticity of a good from 3

10. Individual Problems 6-3
An end-of-aisle price promotion changes the price elasticity of a good from 3 to 4. Suppose the normal price is $36, which equates marginal revenue with marginal cost at the initial elasticity of 3.
What should the promotional price be when the elasticity changes to 4?(Hint: In other words, what price will equate marginal revenue and marginal cost?)
$32.00
$41.60
$25.60
$19.20

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