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After analyzing the historical sales of a Teenshoppe company you have found out that it is a normal good and with a price elasticity of -3

Economics

After analyzing the historical sales of a Teenshoppe company you have found out that it is a normal good and with a price elasticity of -3. If the marginal cost of producing a Shirt is Php125,000, what will be your profit-maximizing price? If NEDA forecasted that the per capita income of Filipino people will decline, what will be the expected effect to the demand of teenshoppe product?

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