olgtltligtDicks research department estimates elasticity of demand for soccer balls in the store to be

Question

# olliDicks research department estimates elasticity of demand for soccer balls in the store to be

-1.5. If each soccer ball delivered to the store costs $10, what is the optimal markup factor and the optimal price that would maximize your profit?/lili if you raised your price by 10%, what would the impact of the price increase have on the number of soccer balls sold and total revenue? /li/ol

Macroeconomics