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QUESTION
(b) If Write Easy knows its own arc price elasticity of demand for its pens to be -2.2, what price would they have to charge in order to restore
(b) If Write Easy knows its own arc price elasticity of demand for its pens to be -2.2, what price would they have to charge in order to restore their monthly sales back to 10,000 units? (Assume that Joy Write maintains its price at $2.59.)
