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April 25, 2015

Homework Help: adult education

Posted by Anonymous on Friday, August 13, 2010 at 5:28pm.

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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