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Business, 03.09.2019 22:30 helpmewithmath70

Danny "dimes" donahue is a neighborhood’s 9-year-old entrepreneur. his most recent venture is selling homemade brownies that he bakes himself. at a price of $1.50 each, he sells 100. at a price of $1.00 each, he sells 300.
a. is demand elastic or inelastic over this price range? .
b. if demand had the same elasticity for a price decline from $1.00 to $0.50 as it does for the decline from $1.50 to $1.00, would cutting the price from $1.00 to $0.50 increase or decrease danny’s total revenue? .

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Danny "dimes" donahue is a neighborhood’s 9-year-old entrepreneur. his most recent venture is sellin...
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