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Author Question: The All Smiles Greeting Card Company wants to increase the quantity of greeting cards it sells by ... (Read 84 times)

Shelles

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The All Smiles Greeting Card Company wants to increase the quantity of greeting cards it sells by 20%. If the price elasticity of demand is -5.0, the company must


◦ increase price by 4.0%.
◦ decrease price by 4.0%.
◦ increase price by 0.25%.
◦ decrease price by 0.25%.


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Marked as best answer by Shelles on Apr 19, 2019

snackralk

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