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April 21, 2014

Homework Help: Managerial Economics

Posted by Janet on Sunday, August 15, 2010 at 11:01am.

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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