The Olde Yogurt Factory has reduced the price of its popular Mmmm Sundae from $2.25 to $1.75.

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The Olde Yogurt Factory has reduced the price of its popular Mmmm Sundae from $2.25 to $1.75. As a result, the firm the firm's daily sales of these sundaes have increased from 1,500/day to 1,800/day. Compute the acr price elasticity of demand over this price and consumption quantity range.
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Managerial economics applications strategy and tactics

ISBN: 978-1439079232

12th Edition

Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris

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