Question: Joes Computer Shack sells a generic leather case that fits many of the tablets he carries. The cases cost him $1.00. He originally priced them
Joes Computer Shack sells a generic leather case that fits many of the tablets he carries. The cases cost him $1.00. He originally priced them at $8.19 and sold 136 of the cases. When he dropped the price on them to $4.01, his sales rose to 157. What is the optimal selling price for these cases, assuming constant elasticity demand?
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