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ruslelena [56]
3 years ago
11

When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.

In this price range, the price-elasticity coefficient (based on the midpoint formula) for candy bars is

Business
1 answer:
just olya [345]3 years ago
8 0

Answer:

0.5

Explanation:

A screenshot is attached to get the full solution

Since the coefficient is < 1, it is inelastic

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Answer

D) compared to the EOQ, the maximum inventory would be approx 30% lower.

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Ans.: c) EPQ will be approximately 40% larger than the EOQ.

2) Compared to the EOQ, the maximum inventory would be

maximum inventory = Q

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EPQ = 1.41*Q

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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