Optimizing elasticity of demand for parking lot spaces


Suppose your elasticity of demand for your parking lot spaces is -2 and the price is $8 per day. If your MC is zero and your capacity is 80% full at 9 a.m. over the last month, are you optimizing?

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Microeconomics: Optimizing elasticity of demand for parking lot spaces
Reference No:- TGS041947

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