The price elasticity of demand for a firm’s product is equal

The price elasticity of demand for a firm’s product is equal to -1.8. The firm currently sells 4,000… Show more The price elasticity of demand for a firm’s product is equal to -1.8. The firm currently sells 4,000 units per day at a price of $2. If the firm increases its product price by 10%, then it can expect to sell approximately • Show less

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