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In order to attract more customers on Mondays ( a slow day), Alex's pizza shop decided to reduce the price of their pizza rolls from $3.50 to $2.50. As a result, Monday sales increased from 70 to 130. Also, Alex's sales of soft drinks rose from 40 to 90.
A) Calculate the arc price elasticity of demand for the pizza rolls,
B) Calculate the arc cross-price elasticity of demand between soft drink sales and pizza roll prices.
Explain what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred (be sure to indicate WHY it happens as well)
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One unit of labor can produce either 4 tons of papayas or 1 ton of bananas. Elucidate type of economic analysis is limited to testable, verifiable statements.
Should the company buy or lease the fleet of trucks that it uses to transport it's products to market?
q1. hello yesterday you provided me with the solution for the below question. the answer was totally incorrect so i
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By Elucidate how much also in Illustrate what direction does GDP change as a result of his efforts.
If sales fall by 20 percent from 1,000,000 papers per month to 800,000 papers per month, what happens to the Average Fixed Costs per paper?
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