# Sarah has been selling 5,000 baseball caps per month at $7.50 each. When she decreased the... ###### Question: Sarah has been selling 5,000 baseball caps per month at$7.50 each. When she decreased the price to $4.50 she sold 6,000baseball hats. a.What is the demand elasticity? b.If Sarah's marginal cost is$7 per cap, what is her desired markup and what is her initial actual markup?

c.Was decreasing the price profitable for Sarah's baseball caps business? Explain.

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