Suppose the price elasticity coefficient anticipation

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The answer to arc elasticity of demand

ABC, Inc sells it toys for $15 with a sales volume of 30,000 units per quarter. Assume the price elasticity coefficient is -0.5 and ABC, Inc raises the price to $16 in anticipation of the Christmas season. Estimated 4th quarter sales volume will be?

Use Are formula elasticity of demand.

 

Reference no: EM1327684

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