Business, 11.02.2020 18:24 snoopyqueen2597
Ali's Gyros operates near a college campus. Ali has been selling 120 gyros a day at $4.50 each and is considering a price cut. He estimates that he would be able to sell 200 gyros per day at $3.50 each. 1. What is Ali's elasticity of demand? Use the midpoint formula, make your answer a positive number, and enter your answer to two decimal points.2. Calculate the pric e elasticity of demand using the midpoint formula.
3. Calculate the change in revenue as a result of the price cut.
Answers: 2
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Ali's Gyros operates near a college campus. Ali has been selling 120 gyros a day at $4.50 each and i...
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