What is the price elasticity over this time period


In 2000, the market demand for personal computers was 129 million and the average was $1922. The average margin was 20 percent of sales. By 2003, prices dropped to an average price of $1708 and volume grew to 161 million while average margins declined to 17 percent of sales. What is the price elasticity over this time period and how did sales revenues and total contribution (volume x margin) change.

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Microeconomics: What is the price elasticity over this time period
Reference No:- TGS053365

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