- Your research paper is written by certified writers
- Your requirements and targets are always met
- You are able to control the progress of your writing assignment
- You get a chance to become an excellent student!


Essay Details:


Essay text:
The CD players cost the wholesaler $70 each.
a. Calculate the price elasticity between the $100 and the $135 price levels
b. What factors should determine the price to be set?
Ans3:
A:Priceelasticity: Quantity 1 – Quantity 2
Quantity 1 + Quantity 2
Price 1 – Price 2
Price 1 + Price 2
Price elasticity: 11000 – 7500
11000+ 7500
100 – 135
100 + 135
=1.27
B: It depends on the marketing philosophy. At a price of $135, profit will probably be higher because the firm needs to produce and sell fewer products, thus reducing costs. At a price of $100, more units are sold; this may increase customer base for other products the firm offers and thereby raise overall company sales and profits...

Calculate a fair price for your order

Do you need an essay?
A professional team of writers is able to craft custom essays from scratch according to your instructions. We are ready to satisfy writing needs of every demanding customer.


Do you need many essays?
The product provided is intended to be used for research or study purposes. Get instant access to over 200,000 papers.

Common topics in this essay:
- Price Makers And Price Takers
- Oil price elasticity
- Price Elasticity
- Gas Price Elasticity
- Price Elasticity
- Price Elasticity of Demand
- Price Elasticity of Demand
- Price Elasticity of Demand
- Price elasticity of demand
- Patni Share price vs Revenue
- Price/Income Elasticity of Demand
- The Advantages And Disadvantages Of Free Market Economy, Price Determination With Market Forces. And Government Intervention With Free Market Equilibrium Price And The More Suitable Model For The Sudan
- The Effect of Price Elasticity of Demand in Airline Industry
- A Report On Emission In Negative Externality And Price Elasticity Of Demand Of Petroleum
- Products, Services, and Prices in the Free Market Economy: Price Elasticity of Demand
Feedback of people who used our services.
Similar Essays:
1 pages / 261 words |
|||
2 pages / 563 words |
|||
2 pages / 411 words |
|||
2 pages / 448 words |
|||
1 pages / 293 words |
|||
2 pages / 446 words |
|||
3 pages / 617 words |