An end-of-aisle price promotion changes the price elasticity of a good from -2 to -3. Suppose the normal price is $34 , which equates marginal revenue with marginal cost at the initial elasticity of -2. What should the promotional price be when the elasticity changes to -3 ? ( Hint : In other words, what price will equate marginal revenue and marginal cost?) a) $ 30.60 b) $25.50 c) $33.15 d)$ 35.70

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