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a) The marketing manager believes that middle-of-the-range mountain
bikes have a price elasticity of 1.4. What are the effects on revenue and
quantity sold if prices are raised by 10 %?


Øhmm - et rookie spg, - men er svaret -7,14% ?! , - under forudsætningen;
total revanue = P*Q

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/The Twinkie

.....calvo turpius est nihil compto