Answered: The price of shampoo is 75 per dozen,…

The price of shampoo is 75 per dozen, quantity demanded is 30 dozen. If elasticity of demand is 3. How much is the price of shampoo per dozen if the quantity demanded falls to 22 dozen?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 2CQQ: The price of a good rises from 8 to 12, and the quantity demanded falls from 110 to 90 units....

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1. The price of shampoo is 75 per dozen, quantity demanded is 30 dozen. If elasticity of demand is 3. How much is the price of shampoo per dozen if the quantity demanded falls to 22 dozen?

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