Question: Answer correctly and explain it properly within 40 mins include introduction. Will give you positive feedback. An elasticity of what would be required to offset

Answer correctly and explain it properly within 40 mins include introduction. Will give you positive feedback.

An elasticity of what would be required to offset a 12.5% price reduction in a 40% contribution margin situation? 1) -3.64 O 2) -2.00 (3) -3.33 4) -1.00

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