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When ABC Corp. increases price from 1x to 1.2x and loses between 7 percent and 27 percent of volume, what is the price elasticity range?

When ABC Corp. increases price from 1x to 1.2x and loses between 7 percent and 27 percent of volume, what is the price elasticity range?

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Price elasticity range... View the full answer

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Price Elasticity of Demand = % change in Quantity... View the full answer

The price elasticity ABC... View the full answer

1 comment
  • Correction please. The price elasticity ABC Corp. ranges from 7%/20% to 27%/20% which is -0.35 to -1.35
    • hayl149
    • Jul 12, 2018 at 11:48am

Price elasticity... View the full answer

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