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GenaCL600 [577]
3 years ago
8

Callie crystal owns and operates one of the most successful local coffee shops in denver, called the edgewater café. each time a

customer purchases their 100th cup of coffee at the edgewater café they receive a free pound of coffee of their choice. what is callie attempting to create with her unique "free pound of coffee" marketing program?
Business
1 answer:
Marrrta [24]3 years ago
6 0
<span>Callie is trying to create regular customers by giving people an incentive to come back and get coffee to work towards free coffee. Also, she is trying to create customers who are addicted to coffee and therefore will appreciate the free coffee even more.</span>
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3 0
1 year ago
ADVANCED ANALYSIS Currently, at a price of $0.50 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Con
Katarina [22]

Answer:

The new Quantity to be sold at $1 is 200 in the short run

Explanation:

The question is to determine the Popsicle sold each day in the short run for a price rise of $1

The formula to use for the Price elasticity of supply in short run

(New Quantity demanded - Old Quantity demanded )/ Old Quantity + New Quantity/ 2

÷

(New Price - Old Price) / (Old Price + New Price)/ 2

The formula can also be simply written as

[(Q2 – Q1)/{(Q1 + Q2)/2}] / [(P2 – P1)/{(P1 + P2)/2}]

Step 2: Solve using the formula

Old Quantity = 100

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New Price = $1

Solve:

[(Q2 – 100)/{(100+ Q2)/2}] / [(1 – 0.50)/{(0.50 + 1)/2}] = 1

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