The teenager company makes and sells skateboards at an, Ask an Expert

Economics

The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. What would total annual revenue be at the proposed price of $63?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705725

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