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What is the percent price increase

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Reference no: EM133020082

Last week, your cafe sold 4,800 cups of coffee.

Demand is expected to decrease by 10% for every 5% increase in price.Your current price is $3.40 and you are considering raising your price to $3.70.

What is the percent price increase?

What do you expect demand to be after the price increase if nothing else changes?

Reference no: EM133020082

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