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Olegator [25]
3 years ago
5

You are the only seller of eggs in town, and the price-elasticity coefficient for eggs is known to be 2. If you want to increase

your sales quantity by 5 percent through a price change, what should you do to the price?
Business
2 answers:
Westkost [7]3 years ago
6 0
You should lower the price to 12.5%
lukranit [14]3 years ago
5 0

Answer:

the seller must lower the price by 12.5%

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