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With the following data use the formula for price elasticity to estimate the price that will reduce unfilled orders to zero. orders = 14,700 at

With the following data use the formula for price elasticity to estimate the price that will reduce unfilled orders to zero.

orders = 14,700 at price =$50, fleet size = 14,000, price elasticity at price of $50 is -1.36. Enter the estimated price to two decimal places that will reduce infilled orders to zero. For example enter $55.16 as 55.61.

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