Price promotions changes the price elasticity of good

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"An end- of- aisle price promotions changes the price elasticity of a good from – 2 to – 3. If the normal price is $ 10, what should the promotional price be? NOTE: Use (P-MC)/P = 1/?e? to calculate MC and then use the same equation to find out the new price." Hi, any assistance with this will be greatly appreciated.

Reference no: EM131253193

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