Economy, asked by kharoudmannat, 10 months ago


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Secondary School Economy 5 points
The price for cigarettes was AUD6 per packet in March 2018. During the m &
the consumption of cigarettes was 1000 packets. However, the Board of
Directors decided to increase price by 25%. As a manager you noted that price
elasticity of demand was 0.8.

Examine the percentage change in cigarettes quantity demand in April
2019 and the quantity that was sold during the month.

i.

As a manager of a grocery outlet in Sydney advise your Board of Directors
the benefits of calculating Elasticity of demand and the strategy that could
be adopted in order to increase revenue.

ii.

iii. Explain the benefits of your findings to government.
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unaiskt Helping Hand
Answer:

yes

Explanation:

government is very good they are very good

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Answers

Answered by Bhavish94
0

Answer:

yes

Explanation:

government is very good they are very good

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