2. College logo T-shirts priced at $15 sell at a rate of 25 per week, but when...

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2. College logo T-shirts priced at $15 sell at a rate of 25 per week, but when the bookstore marks them down to $10, it finds that it can sell 50 T-shirts per week. What is the price elasticity of demand for the logo T-shirts?

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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