The price elasticity of demand for ice cream sandwiches is 1.2 at the current price of $0.50 per sandwich and the current consumption level of 100,000 sandwiches. Calculate the change in the quantity demanded when price rises by $0.05. Use Equations 46-1 and 46-2 to calculate percent changes and Equation 46-3 to relate price elasticity of demand to the percent changes.

September 27 -29 Notes Completion of Chapter 5 SWOT Analysis Internal- strengths and weaknesses External- opportunities and threats This is the only model we cover that deals with internal and external analysis of a business Strengths and opportunities are helpful to achieving an...