12.Jack in the Box recently estimated own-price elasticity of demand for large drinks to be ?2.4. What
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12.Jack in the Box recently estimated own-price elasticity of demand for large drinks to be ?2.4. What percent decrease in unit sales of large drinks will result from a 1% increase in the price of large drinks? [Enter only a positive number. If the answer cannot be determined with this information, enter 99 as your answer] 13.Jack in the Box recently estimated cross-price elasticity of demand for large drinks with respect to the price of medium drinks to be 4.6. What percent increase in unit sales of large drinks will result from a 1% increase in the price of medium drinks? [Enter only a positive number
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Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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