In its second year in business, SixFour raises the price to $18/growler in an attempt...
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In its second year in business, SixFour raises the price to $18/growler in an attempt increase their revenue relative to the competition. In this time frame, SixFour saw $97,164 in revenue. Using the first year sales (5,538) and price figures ($16) from the previous questions, what is the estimated price elasticity for SixFour, ceteris paribus?
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