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If the intended price change is 3.75% lower than the original price of P 6000 and the original quantity demand is 13,000 units, will the
- If the intended price change is 3.75% lower than the original price of P 6000 and the original quantity demand is 13,000 units, will the seller change the price if the price elasticity of demand is -1.20?
- If the current demand for P 300.00 per unit of product is 6000 units while the price elasticity is -.39, what will be the new quantity demand if the price is increased by 3.22%?
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
