Answer to Question #76426 in Macroeconomics for sheen
Factors that influence market demand for products are:
1. Normal Goods
2. Change in Preferences
3. Complimentary Goods
5. Market Size
6. Price Expectations
If the price elasticity is Ed = -3 and MC = RM 100, then the optimal sale price is P = MR = MC = RM 100.
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