Question
Suppose that a new entry decreased your demand elasticity from -2 to -4 (made demand more elastic). By how much should you adjust your price
Suppose that a new entry decreased your demand elasticity from -2 to -4 (made demand more elastic). By how much should you adjust your price of $10?
Please show all work so I can understand the breakdown.
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International Economics
Authors: Robert Carbaugh
15th edition
1285854357, 978-1305177093, 1305177096, 978-1285854359
