64 638
Assignments Done
99,2%
Successfully Done
In September 2018

Answer to Question #19876 in Macroeconomics for kp

Question #19876
IIf Potomac knows that the arc price elasticity of demand for its ovens is –3.0, what price would Potomac have to charge to sell the same number of units it did before the Spring City price cut?
I have the equiation of: (1500/5250)/(P - 500)/{P-500/(500 + P)/2 = -3

Solve for the price I need
Expert's answer
Unfortunately, your question requires a lot of work and cannot be done for free.
Submit it with all requirements as an assignment to our control panel and we'll assist you.

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!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions