Your current prices are $311 in the Southwestern region; $278 in the western-region and $240 in the New England region. Your marginal cost is now $212.21. Given the predicted changes in quantity demanded by region per problem 1 using the stay even analysis %ΔQd = %ΔP/[%ΔP +((P-MC)/P)], can you raise prices by 7% in any of the regional markets? State your conclusion and then show the all the steps supporting your conclusion. (Note you are not being asked to compute the new price. The predicted changes in quantity demanded by region per problem 1 are: 19.32 or 19% percent change in quantity demanded for the Southwestern region Western Region is 0.245 or 24.5 or 25% NE Region is 0.4032 or 40.32 or 40% I don't understand this question and need assistance.
Your current prices are $311 in the Southwestern region; $278 in the western-region and
$240 in the New England region. Your marginal cost is now $212.21. Given the predicted
changes in quantity demanded by region per problem 1 using the stay even analysis %ΔQd =
%ΔP/[%ΔP +((P-MC)/P)], can you raise prices by 7% in any of the regional markets? State your
conclusion and then show the all the steps supporting your conclusion. (Note you are not being
asked to compute the new
The predicted changes in quantity demanded by region per problem 1 are:
19.32 or 19% percent change in quantity demanded for the Southwestern region
Western Region is 0.245 or 24.5 or 25%
NE Region is 0.4032 or 40.32 or 40%
I don't understand this question and need assistance.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps