How product price will change as elasticity of demand change


Problem

Based on the equations for markup pricing, create a spreadsheet to calculate the price you would set as a car producer. To do this, input the elasticity of demand and marginal cost. Use your program to calculate the markup and product price. Produce graphs to show how the product price will change as the elasticity of demand changes.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How product price will change as elasticity of demand change
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