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Question: budweiser has decided to decrease the price of a 6...

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Budweiser has decided to decrease the price of a 6 pack of beer from $9.50 to $8.25 as a result of the price decrease demand has increased from 240,000 6 packs per week to 268,000 6 packs per week. Should they decrease their price, what is the Ed coefficient, is the demand elastic, inelastic, or unit elastic? What happened to the total revenue? As the economist for Budweiser do you recommend this move, why or why not?

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