An end-of-aisle price promotions changes the price


An end-of-aisle price promotions changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be? Use (P - MC)/P = 1/?e? to calculate MC and then use the same equation to find out the new price.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: An end-of-aisle price promotions changes the price
Reference No:- TGS0945605

Expected delivery within 24 Hours