According to the elasticity computation, by how much would new car sales (quantities) fall if the price increased 20 percent? what about total revenue? increase or decrease? explain. b. by how much would coffee sales (entire coffee market) decline if the price of coffee doubled (100%)? if starbucks (a specific brand of coffee) doubled its coffee price, what would happen to starbucks’ sales? how do you explain these responses?
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According to the elasticity computation, by how much would new car sales (quantities) fall if the pr...
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