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Other Fields Homework Help Economics Topic started by: alaska47 on Oct 27, 2017



Title: MONOPOLY: a) Calculate the quantity effect and price effect of a price cut from $6 to $5. Estimat
Post by: alaska47 on Oct 27, 2017
a)    Calculate the quantity effect and price effect of a price cut from $6 to $5. Estimate the change in total revenue due to the price cut. Explain your answer.

b)   Comment on the elasticity of the demand curve between the price range of $5 to $6. Explain your answer


Any help would be appreciated!!  Thanks in advance!!