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The old deli in town has sold an average of 235 subs a day at $5.50 each and the owners are considering to charge a
The old deli in town has sold an average of 235 subs a day at $5.50 each and the owners are considering to charge a lower amount. They estimate that if the price were lowered to $4.75 per sub, they would be able to sell 390 subs every day. Calculate the MR of the price cut and the elasticity between the two points
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