Question
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
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 shifted.
The demand curve 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 be
the new price?
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International Economics
Authors: Dominick Salvatore
12th edition
9781118955727, 1118955765, 1118955722, 978-1118955765
