asked 201k views
1 vote
suppose you manage a convenience mart and are in charge of ordering products but not set the price. the home office provides the prices. in your area, the income elasticity of demand for peanut butter is -0.5. due to local factory closings, you expect local incomes to decrease by 20% on average in the next month. as result, you should stock:

asked
User Lang
by
8.9k points

1 Answer

4 votes

Step-by-step explanation:

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answered
User Dbld
by
7.7k points
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