Question
the owner of a Mom and Pop store that buys milk from a supplier at a cost of $1 per gallon. You estimate the elasticity
the owner of a Mom and Pop store that buys milk from a supplier at a cost of $1 per gallon. You estimate the elasticity of demand for milk sold at your store to be -3.5. What is your profit-maximizing markup? What is your price?
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The Rise And Fall Of Neoliberal Capitalism
Authors: David M Kotz
1st Edition
0674725654, 9780674725652
