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A product is being priced at 100€ and is being sold 3,000 times. The price elasticity is estimated to be -2.0. By how much would the revenues change when increasing the price by 5%? 1 point By an increase of €16,500 By a decrease of €16,500 By an increse of €26,500 By a decrease of €26,500
Sagot :
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