When the price of a pair of shoes is lessened by 10%, the number of pairs sold

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When the price of a pair of shoes is lessened by 10%, the number of pairs sold increased by 20%. What is the net effect on sales?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Posted Date: Jan 27, 2023 05:05 AM

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When the price of a pair of shoes is lessened by 10%, the number of pairs sold

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Let the amount of current sales is x If price of a pair of shoes is ... View the full answer

Microeconomics

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