65 613
Assignments Done
99,2%
Successfully Done
In October 2018

# 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

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!