The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. If it decreases its price to $63, what should be the quantity sold? Will the revenue increase? Why?
https://assignmentchamp.net/wp-content/uploads/2021/08/whatsapp-logo-1.jpeg 0 0 Assignment champ https://assignmentchamp.net/wp-content/uploads/2021/08/whatsapp-logo-1.jpeg Assignment champ2021-11-26 07:10:062021-11-26 07:10:06The teenager company makes and sells skateboards at an average price