Answer to Question #38628 in Economics of Enterprise for marvi

Question #38628
Demand for a softback managerial economics texr is given by Q=20,000-300R
The book is initially priced at $30
a. Compute the point price elasticity at demand at P=$30
b. If the objective is to increase total revenue should the price be increased or decreased? Explain
c. Compute the are price elasticity for a price decrease from $30 to $20
d. Compute the are price elasticity for a price decrease from $20 to $15
1
Expert's answer
2014-01-27T11:39:24-0500
The answer to the question is available in the PDF file https://www.assignmentexpert.com/homework-answers/economics-answer-38628.pdf

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