1. (b). The Carrefour Hypermarket sells 2,500 boxes of chicken per month at RO 3.50 each. The own price elasticity for chicken is estimated to be -0.45. If Carrefour Hypermarket increases the price of a box of chicken by 15.5 percent: 1. (b) (). How many boxes of chicken will Carrefour Hypermarket sell? 2350 1. (b). (i). Carrefour Hypermarket's revenue will change by RO 4U

1. (b). The Carrefour Hypermarket sells 2,500 boxes of chicken per month at RO 3.50 each. The own price elasticity for chicken is estimated to be -0.45. If Carrefour Hypermarket increases the price of a box of chicken by 15.5 percent: 1. (b) (). How many boxes of chicken will Carrefour Hypermarket sell? 2350 1. (b). (i). Carrefour Hypermarket's revenue will change by RO 4U

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter5: Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 2.4P

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