Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf.Your chief economist tells you that during the Covid-19 pandemic, the taste for bicycling
Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf.Your chief economist tells you that during the Covid-19 pandemic, "the taste for bicycling has changed.The price elasticity of demand is much more inelastic.The price elasticity of demand has decreased from -5.76 to -2.70."
Before the campaign, your price was $240 per pair of BBB Shorts.What should the new price be?
Please enter the new price here: $
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Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
