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James increases the price of a widget from $10 to $12. As a result, sales drop from $10,000 to $7,000. Price elasticity here is: a.
James increases the price of a widget from $10 to $12. As a result, sales drop from $10,000 to $7,000. Price elasticity here is:
a. 0.67 b. 1.00 c. 1.50 d. 2.00
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Corporate Financial Management
Authors: Glen Arnold
4th Edition
0273719068, 978-0273719069
