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An economist speculates that a bottle of perfume has the elasticity of 0.5 when 10,000 units are sold for only USD 10. If the price

An economist speculates that a bottle of perfume has the elasticity of 0.5 when 10,000 units are sold for only USD 10. If the price increases to USD 11 (a) how many bottles will be sold? (b) Is it good business to raise the price that much? (c)Will the elasticity remain at 0.5 at the new price?

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