Two dress stores located in the same shopping center have big sales: 30% off on everything in

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Two dress stores located in the same shopping center have big sales: 30% off on everything in the store. After the sale, Store 1 finds that its total revenue has increased by 40%, while Store 2 finds that total revenue has decreased by 10%. What are the differences in elasticities for the 2 firms? Explain your reasoning.

Posted Date: May 15, 2024 04:56 AM

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