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What is the demand elasticity

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Question: Elasticity of T-shirt Sales Amari has been selling 5,000 T-shirts per month for $8.50. When Amari increased the price to $9.50, he sold only 4,000 T-shirts. What is the demand elasticity? If his MC is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?

 

 

Reference no: EM133577492

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