{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-13T15:20:25-04:00", "answer_date": "2024-06-13 15:20:25", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2966089", "url": "\/study-help\/questions\/assume-you-own-a-food-truck-selling-street-tacos-the-2966089", "question_creation_date_js": "2024-06-13T15:20:25-04:00", "question_creation_date": "Jun 13, 2024 03:20 PM", "meta_title": "[Solved] Assume you own a food truck selling stree | SolutionInn", "meta_description": "Answer of - Assume you own a food truck selling street tacos. The normal selling price for your signature taco is $2.35\/taco, and | SolutionInn", "meta_keywords": "assume,food,truck,selling,street,tacos,normal,price,signature,taco,$2.35\/taco,sell", "question_title_h1": "Assume you own a food truck selling street tacos. The normal selling price for your signature taco is $2.35\/taco, and you normally can sell 300", "question_title": "Assume you own a food truck selling street tacos. The normal selling", "question_title_for_js_snippet": "Assume you own a food truck selling street tacos The normal selling price for your signature taco is $2 35 taco, and you normally can sell 300 tacos at that price on an average day You decide to try a new lower price by increasing the supply of tacos you typically offer The new selling price is $2 00 taco The new amount of tacos sold is 365 tacos What is the Price Elasticity of Demand in this range Was it a good idea Does the Total Revenue test confirm it Why ", "question_description": "

Assume you own a food truck selling street tacos. The normal selling price for your signature taco is $2.35\/taco, and you normally can sell 300 tacos at that price on an average day. You decide to try a new lower price by increasing the supply of tacos you typically offer. The new selling price is $2.00\/taco. The new amount of tacos sold is 365 tacos. What is the Price Elasticity of Demand in this range? Was it a good idea? Does the Total Revenue test confirm it? Why?<\/p>", "transcribed_text": "", "related_book": { "title": "Managerial Accounting", "isbn": "978-007811100, 78111005, 978-0078111006", "edition": "14th edition", "authors": "Ray Garrison, Eric Noreen and Peter Brewer", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/260.jpg", "uri": "\/textbooks\/managerial-accounting-14th-edition-260", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8389199156", "uri": "\/textbooks\/python-libraries-how-to-harness-the-power-of-python-libraries-1st-edition-979-8389199156-163498", "name": "Python Libraries How To Harness The Power Of Python Libraries", "edition": "1st Edition" }, "question_posted": "2024-06-13 15:20:25", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/ok-natural-foods-current-dividend-is-500-you-expect-the", "description": "OK Natural Foods' current dividend is $5.00. 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