Business, 17.02.2021 01:10 mdaniella522
Kevin O’Leary suggests that Jenn and Kelley decrease the price of their product by 50% and sell 10 times as many. That is, he predicts if they drop the price of their product from $40 to $20 they will increase their quantity demanded from 6,000 to 60,000. Calculate the price elasticity of demand for Pursecases using the midpoint formula from this information
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Kevin O’Leary suggests that Jenn and Kelley decrease the price of their product by 50% and sell 10 t...
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