A department store has purchased 5,000 swimsuits to be sold during the summer sales season. The season
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Question:
A department store has purchased 5,000 swimsuits to be sold during the summer sales season. The season lasts three months, and the store manager forecasts that customers buying early in the season are likely to be less price sensitive and those buying later in the season are likely to be more price sensitive. The demand curve in each of the three months are forecast to be as follows:
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