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1.6 Tea Fort Inc. sells tea and tea mugs on Amazon.com. In December 2017, when Tea Fort cut the price of its loose-leaf tea samplers
1.6 Tea Fort Inc. sells tea and tea mugs on Amazon.com. In December 2017, when Tea Fort cut the price of its loose-leaf tea samplers by 35 percent, it sold 6.5 times as many samplers as before the price cut. 21. Based just on this information, what is the price elasticity of demand for Tea Fort's tea samplers? b. After Tea Fort cut the price of its tea samplers, Amazon included the product as one of its Cyber Monday deals, featuring it in email advertisements. Does this additional information affect your answer to part (a)? Briefly explain
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