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21/le/content/486203/viewContent/4488054/View 23) Suppose you own a grocery store, and you are currently selling Coca-cola for $1.50 per two-liter bottle. At this price, you can sell
21/le/content/486203/viewContent/4488054/View 23) Suppose you own a grocery store, and you are currently selling Coca-cola for $1.50 per two-liter bottle. At this price, you can sell 2,000 bottles per day. You are considering cutting the price to $1.20 to 6 increase the selling up to 2500 bottles per day. What is the price elasticity of demand and what type of elasticity it is? 23) A) -0.80, inelastic B) -1.50, Elastic C) -1.00, Unit elastic D) -0.50, perfectly elastic Show your calculation
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