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LawnTech sells its sonic gopher repeller at a price of $380, and estimates price elasticity of demand at -3.7 at this price. At that price,
LawnTech sells its sonic gopher repeller at a price of $380, and estimates price elasticity of demand at -3.7 at this price. At that price, LawnTech sells 35,000 units per year. LawnTech is thinking about cutting its price by -5.0%. How many MORE units can LawnTech expect to sell at the new price? Rounding: tenth of a unit.
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