Andrew runs an Ice Cream shop at Unionville during the summer and in July he noticed that

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Andrew runs an Ice Cream shop at Unionville during the summer and in July he noticed that he sales were 3000 units so he decided to reduce the price of his ice creams by 20% in August. In August sales went up to 4500 units.

What is the Price Elasticity at the new price?

Related Book For answer-question

Strategic Management Text and Cases

ISBN: 978-1259900457

9th edition

Authors: Gregory G Dess Dr., Gerry McNamara, Alan Eisner

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Posted Date: Dec 08, 2023 06:24 AM

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Andrew runs an Ice Cream shop at Unionville during the summer and in July he noticed that

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The price elasticity of demand E can be calculated using the following formula E fr... View the full answer

Strategic Management Text and Cases

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