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You are the manager for Dunkin Donuts and know the following elasticities: = -1.5 xy1 = 0.5 xy2 = -0.5 I = 1.2 is the

You are the manager for Dunkin Donuts and know the following elasticities:

= -1.5xy1= 0.5xy2= -0.5I= 1.2

is the price elasticity of demand for Dunkin Donuts (DD) glazed doughnuts, xy1is the cross elasticity of demand between DD glazed doughnuts and Krispy Kreme (KK) glazed doughnuts, xy2is thecrosselasticity of demand between DD glazed doughnuts andDD French Vanilla coffee, and Iis the income elasticity of DD glazed doughnuts.

Managerial Economics and Organizational Architecture

Edition:7th

Author:James Brickley,Clifford Smith,Jerold Zimmerman

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