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Economics
Price Elasticity of Demand
Quantity Sold
Skateoards sell for $70. During the past year they sold 4,000 skateboards. The company beleives that the price elasticity for product is -2.5. If it decreases the price to $63, what would be the quantity sold?
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Skateoards sell for $70. During the past year they sold 4,000 skateboards. The company beleives that the price elasticity for
