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Chester's product manager is considering lowering the price of the Creak product by $2.50 and wants to know what the impact will be on the product's...

Chester's product manager is considering lowering the price of the Creak product by $2.50 and wants to know what the impact will be on the product's contribution margin. Assuming no inventory carry costs, what will Creak's contribution margin be if the price is lowered?

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