Business
Business, 31.07.2020 23:01, GabriellaDul

The quantity of pencils sold is 1000 at the unit price $0.5. Suppose the price elasticity of demand for pencils by the initial value method (also known as the simple elasticity formula) is 2, and you would like to increase the quantity sold to 1200. Then the new price for pencils must be

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The quantity of pencils sold is 1000 at the unit price $0.5. Suppose the price elasticity of demand...

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