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What price will mayumi get a bigger revenue

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Reference no: EM132789856

Mayumi sells tuyo for 20 pesos per pack and gets 200 packs quantity demanded. However, if she lowers her price to 15 pesos, quantity demanded doubles.

a. Is the demand for tuyo elastic or inelastic.

b. At what price will Mayumi get a bigger revenue.

Reference no: EM132789856

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