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Title: Suppose that a retailer sells 500 six-packs of Dr. Pepper per day at $3.50/six-pack. Also, suppose ... Post by: Biraj on Mar 17, 2019 Suppose that a retailer sells 500 six-packs of Dr. Pepper per day at $3.50/six-pack. Also, suppose that the cross-price elasticity between Dr. Pepper and Pepsi is 0.6. If the retailer lowers the price of Pepsi from $4.00 to $3.60/six-pack, what is the percentage change in the price of Pepsi? • 6% increase • 6% decrease • 10% increase • 10% decrease Title: Suppose that a retailer sells 500 six-packs of Dr. Pepper per day at $3.50/six-pack. Also, suppose ... Post by: Brittany08196 on Mar 17, 2019 10% decrease
Title: Suppose that a retailer sells 500 six-packs of Dr. Pepper per day at $3.50/six-pack. Also, suppose ... Post by: Biraj on Mar 17, 2019 Thanks
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