An end-of-aisle price promotion changes the price elasticity of a good from -1.5 to - 3.5. If
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An end-of-aisle price promotion changes the price elasticity of a good from -1.5 to -3.5. If the normal price is $10, what should the promotional price be?Assume that at the original price and elasticity, the current margin was equal to the optimal margin.
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