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1. Individual Problems 9-3 Suppose that a new entry has decreased your demand elasticity from -5 to -6 (made demand more elastic) and that your

image text in transcribed 1. Individual Problems 9-3 Suppose that a new entry has decreased your demand elasticity from -5 to -6 (made demand more elastic) and that your price, before the new entry, was $20. You should adjust your price to due to the new entry and decreased demand elasticity

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