Halloween candy prices are estimated to be 14% higher this year. Kroger decided to run a price promotion for Halloween candy beginning two weeks before the 31st. They know the elasticity of demand for candy is "-0.93." During the price promotion, they expect to sell 25% more. Before the price drop, they sold 10,000 bags per week regionally. Round to the nearest two decimal places for calculations ?

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Heres how to calculate the impact of the price promotion on Krogers Halloween candy sales considering the price increase and elasticity of demand Data ... View the full answer