What is the point price elasticity of demand for jeans

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Reference no: EM13837709

A store in New York, has offered rebates of $2 off the regular $100 price on their microwaves. The firm has observed a positive sales increase of 8% over the previous month’s sales.

1. What is the point price elasticity of demand for jeans?

2. If marginal cost per unit is $40, was the original $100 price optimal?

Reference no: EM13837709

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