Question: Dixie understands that more often than not when they lower price Solo follows the price change. Based on historical data, it seems that the probability

Dixie understands that more often than not when they lower price Solo follows the price change. Based on historical data, it seems that the probability of Solo following Dixies price decrease is about .6. Suppose Dixie is thinking about a 3% price decrease. What will be the effect on Dixies sales?

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