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28) A good currently sells for $15 and has a price elasticity of -2. After running a promotion in a local newspaper, management has
28) A good currently sells for $15 and has a price elasticity of -2. After running a promotion in a local newspaper, management has decided the price elasticity is now -3. What new price should they charge?
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In the event that Ed 0 it is perfect inelastic an 1 adjustment of pricedoesnt influence ...
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College Physics Reasoning and Relationships
Authors: Nicholas Giordano
2nd edition
840058195, 9781285225340 , 978-0840058195
