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April 18, 2014

Homework Help: managerial economics

Posted by mark on Tuesday, June 16, 2009 at 1:56pm.

Price 1 is 50, price 2 is 38.78.
Quantity 1 is 100, quantity 2 is 169.
solve the price elasticity of demand.
what if our goal is to decrease price by 14%
what if our goal is to raise quantity from 169 to 300 by how much percentage we should decrease price? -2=%Q/P

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