(Answered) The initial price of a cup of coffee is 1 and at that price

Accounting

The initial price of a cup of coffee is $1 and at that price 400 cups are demanded. If the price falls to .90, the quantity demanded for coffee.

Calculate the arc price elasticity of demand for coffee using the formula and what would it be if it the price increased 10% what would happen to the revenue explain your answer

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Financial Accounting, Accounting

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