Estimate the percentage change in quantity demanded

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Reference no: EM133918317

Problem

Just a year after you launched the expansion of DWJ, inflation has raised your marginal cost by 7% from $198.33 to $212.21. Your elasticity varies for each of the three regions in which you sell your DWJ brand. In the southwestern region, your price elasticity of demand is -2.76. In your upper-western region, your price elasticity of demand is -3.50. In your New Englandregion, the price elasticity of demand is -5.76. Get the instant assignment help. Estimate the percentage change in quantity demanded if you were to raise prices in all three regions by 7%.

Reference no: EM133918317

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