Can you raise the price in any of the regional markets


Problem: Your current prices are $311 in the southwestern region; $278 in the western-region and $240 in the New England region.  Your marginal cost is now $212.21.  Given the predicted changes in the quantity demanded by region per problem and using the stay even analysis %ΔQd = %ΔP/[%ΔP + ((P-MC)/P)], can you raise the price by 7% in any of the regional markets? State you conclusion and then show all the steps supporting your conclusion. Round to one decimal place, i.e. 10.135 is 10.1 (Note you are not being asked to compute the new price.).

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Econometrics: Can you raise the price in any of the regional markets
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