Currently they sell 1000 units if they lower price by a
A firm sells a product for $25, and the product has an own-price elasticity of -4. Currently they sell 1,000 units. If they lower price by a dollar, how many more units should they expect to sell?
Now Priced at $10 (50% Discount)
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a firm sells a product for 25 and the product has an own-price elasticity of -4 currently they sell 1000 units if they
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