Group A Group B
Sales before 10%
discount
1.57m 1.50m
Sales after 10...
Arts, 15.08.2020 16:01 ashtonrieper2721
Group A Group B
Sales before 10%
discount
1.57m 1.50m
Sales after 10 %
discount
1.67m 1.70m
a. Using the midpoint method, calculate the price elasticity of demand for each group.
b. Explain how the discount will affect the total revenue
Answers: 3
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