Business, 04.03.2020 20:46 baughkensley16

The own price elasticity of Anne’s apple pies is 5.
If the aggregate market for apple pies has its own price elasticity of 1.25, Anne’s apple pies have an approximate market share of:

a) 6.25% b) 25% c) 10% d) 20%

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The own price elasticity of Anne’s apple pies is 5.
If the aggregate market for apple pies ha...