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HW-523 Arc Elasticity

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A product has an arc elasticity of -0.8. At a price of $7.00, 1,000 units are sold per period. In order to sell 1,200 units what will be the new price have to be? What is the revenue at the old price ($7.00) and the new price?

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Last Updated: 5 Oct 2026 00:53:38 PDT

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