Store maximizes profits and the price elasticity of demand, Ask an Expert

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Q. Your local grocery store offers a coupon that reduces the price of milk during the coming week. The regular retail price of milk in the store is €3 a gallon, and the coupon price is €2 per gallon for the next week. If the store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9156075

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