George's Pants Store sells a particular brand of slacks. It recently decreased the price of a popular
Question:
a. What is the point price elasticity of demand for these slacks?
b. What would be the optimal markup and price of these items?
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Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
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