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PLEASE INCLUDE WORKING OUT ! :) A micro brewery sells 1000 bottles of beer for $100 PER bottle. With a price elasticity of -3 what
PLEASE INCLUDE WORKING OUT ! :) A micro brewery sells 1000 bottles of beer for $100 PER bottle. With a price elasticity of -3 what would be the demand when the price is increased to $110? Aarons Kitchen would like to understand the amount of sales (in $) it would need to generate $100,000 in profit. The box of chocolates sell for $7.50 each. There are 5 chocolate bars in each pack. It costs aaron 20 cents to make a chocolate bar. Aarons kitchen has a fixed cost of $50,000 Please show working :)
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