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at a local farmers market a vendor can sell 1000 pineapples at $10 per basket when the vendor reduces their price to $8.25 they can
at a local farmers market a vendor can sell 1000 pineapples at $10 per basket when the vendor reduces their price to $8.25 they can now sell 1175 pineapples 1 calculate the percentage change in price of pineapples 2. calculate the percentage change in quanity demand of pineapples 3 how would you describe the price elasticity of demand for pineapple in this example elastic inealstic unitary elastic 4 in this case you would predict revenue to increase decrease or stay the same to
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