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Raising the price profitable

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Reference no: EM132320297

Elasticity of t-shirt sales

If I sell 5,000 T-shirts for 8.5 USD each, then increase my selling price to 9.5 usd/ I only sold 4000 shirts. what is my demand elasticity?

If my margin cost is 4$ per shirt, what is my desired markup and what is my initial actual markup? was raising the price profitable?

Reference no: EM132320297

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