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1 point You bring your boss a report indicating that the own-price elasticity of your main product is -2.6. She indicates that the higher-ups have
1 point You bring your boss a report indicating that the own-price elasticity of your main product is -2.6. She indicates that the higher-ups have been thinking about offering a sale. The current price is $14, and they're thinking of cutting it by $5. What will that do?" By what percentage will quantity demanded change according to your calculations? Provide the percentage as a whole number (i.e., 2.5 for 2.5%) and round to one decimal place. Type your
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