Karling furniture recently raised the selling price of its

Reference no: EM13600529

Karling Furniture recently raised the selling price of its colonial desk from $495 to $529. As a consequence unit sales fell from 300 units to 270 units per period. Estimate the price elasticity of demand of the colonial desk (to be used in "the economists' approach to pricing). You may use a calculator, or Excel (use the function "LN") when needing the natural logs.

Reference no: EM13600529

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