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New entry decreased your demand elasticity

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Suppose that new entry decreased your demand elasticity from -2 to -3 (made demand more elastic). By how much should you adjust your price of $10?

Reference no: EM131263060

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New entry decreased your demand elasticity : Suppose that new entry decreased your demand elasticity from -2 to -3 (made demand more elastic). By how much should you adjust your price of $10?
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