Question
Can you calculate price elasticity demand for me and show your work for following question In 2015, company sold 45,000 bicycles and generated revenue of
Can you calculate price elasticity demand for me and show your work for following question
In 2015, company sold 45,000 bicycles and generated revenue of 21 million . This equates to average cost of bicycle to 467.In 2021, company is going to sell 100,000 bicycles at starting price of 770 for each bicycle.
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
