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Determine the profit-maximizing price

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Radio Shack originally priced a private-label portable DVR player at $90, 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 DVR player costs $50?

Reference no: EM132699058

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