A physical therapy clinic faces a demand equation of q 200, Business Economics

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A physical therapy clinic faces a demand equation of q 200

A physical therapy clinic faces a demand equation of Q = 200 – 1.5 × P,

where Q is sessions per month and P is the price per session.

a. The clinic currently charges $80. What is its sales volume and revenue at this price?

b. If the clinic raised its price to $90, what would happen to volume and revenue?

c. If the clinic lowered its price to $70, what would happen to volume and revenue?

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Business Economics: A physical therapy clinic faces a demand equation of q 200

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Business Economics: A physical therapy clinic faces a demand equation of q 200

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