Solution: Arc Price Elasticity . Assume that amazon.com dropped the price on a men's Seiko watch (SGF719) from $120 to $60, and sales jumped from 50 to
Question: Arc Price Elasticity . Assume that amazon.com dropped the price on a men's Seiko watch (SGF719) from $120 to $60, and sales jumped from 50 to 100 units per day.
| A. | Calculate the implied arc price elasticity of demand. |
| B. | Is a further price decrease warranted? Why or why not? |
Deliverable: Word Document 
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The Use of Notation in Basic Statistics - Part I - MathCracker.com