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Business, 26.02.2020 02:27 sleepy68

Blossom, Inc., sells 500 bottles of perfume a month when the price is $7. A huge increase in resource costs forces Blossom to raise the price to $9, and the firm only manages to sell 460 bottles of perfume. Using the midpoint formula, the price elasticity of demand coefficient is:.a. -0.33 and elastic. b. -3.0 and elastic. c. -0.33 and inelastic .d. -3.0 and inelastic.

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Blossom, Inc., sells 500 bottles of perfume a month when the price is $7. A huge increase in resourc...
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