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An elasticity of what would be required to offset a 12.5% price reduction in a 40% contribution margin situation? 1) -3.33 2) -2.00 3) -1.00
An elasticity of what would be required to offset a 12.5% price reduction in a 40% contribution margin situation?
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1) | -3.33 |
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2) | -2.00 |
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3) | -1.00 |
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4) | -3.64 |
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