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DEF Inc. sells 48,000 units of Product Y per year. DEF plans a 5.5% price increase, and calculates percent profit breakeven at +10.5%. At the

DEF Inc. sells 48,000 units of Product Y per year. DEF plans a 5.5% price increase, and calculates percent profit breakeven at +10.5%. At the current price, elasticity of demand is -2.2. Will the price increase be profitable

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