Heartland supermarkets which would like to raise

Reference no: EM1327115

Price elasticity of demand for bushels of corn

Pamela Sue, proprietor of Heartland Supermarkets would like to raise her current sales of corn from 250 bushels per week to 500 bushels per week. Her current price of a bushel of corn is $14. Given a price elasticity of demand of -2, determine a new price which will cause sales of corn to rise from 250 to 500 bushels per week.

Reference no: EM1327115

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