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Arts, 15.08.2020 16:01 SMILEDOG

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

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Answers: 3

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Group A Group B Sales before 10%
discount

1.57m 1.50m

Sales after 10...
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