An end-of-aisle price promotion changes the price


Please explain the calculations and how to arrive to the answer. not just the answer, thank you.

1) An end-of-aisle price promotion changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?

Solution Preview :

Prepared by a verified Expert
Business Economics: An end-of-aisle price promotion changes the price
Reference No:- TGS02210841

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)