(Answered) An end of aisle promotion changes the price elasticity of a

Economics

An end of aisle promotion changes the price elasticity of a good from -2 to -3. Suppose the normal price is $34, which equates marginal revenue with marginal cost at the initial elasticity of -2. What should the promotional price be when the elasticity changes to -3? Hint in other words what price will equate marginal revenue and marginal cost? 30.60 35.70 25.50 33.15

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Business Economics, Economics

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