Raising the price profitable

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Please solve in excel. Jennifer has been selling 6,000 T-shirts per month for $9.50. When she increased the price to $10.00, she sold only 5,500 T-shirts. What is the demand elasticity?

A. If his marginal cost is $6 per shirt, was raising the price profitable?

Please solve in excel only.

Reference no: EM133129532

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