Suppose your elasticity of demand for your parking lot


Suppose your elasticity of demand for your parking lot space is -2, and 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?

Solution Preview :

Prepared by a verified Expert
Macroeconomics: Suppose your elasticity of demand for your parking lot
Reference No:- TGS01459822

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)