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Suppose that new entry decreased your demand elasticity from

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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 adjuct your price of $10?

How did you get 7.5 from that calculation?

Reference no: EM13303324

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