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Smith's electronics originally priced a private-label portable dvd player at $90, and then sold 1,500 units per week. after raising the price to $100, sales dropped to 1,000 units per week. first, determine the price elasticity, and then determine the profit-maximizing price if the private-label portable dvd player costs $50.
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Smith's electronics originally priced a private-label portable dvd player at $90, and then sold 1,50...
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