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Title: A car dealer wants to get rid of the stock of last year's model. Assume that the dealer knows from ... Post by: hiusy98 on Jan 23, 2017 A car dealer wants to get rid of the stock of last year's model. Assume that the dealer knows from past experience that the price elasticity of demand for cars is unitary (= 1). If the price of the cars is currently $20,000 and the dealer wants to increase the quantity demanded from 30 units to 50 units, what must the new price be if the dealer is to sell the 20 additional cars?
A) $10,000 B) $12,000 C) $16,000 D) $18,000 Title: Re: A car dealer wants to get rid of the stock of last year's model. Assume that the dealer knows ... Post by: toogoo on Jan 23, 2017 Content hidden
Title: Re: A car dealer wants to get rid of the stock of last year's model. Assume that the dealer knows from ... Post by: hiusy98 on Mar 27, 2017 Project is complete now, thank you for your expertise!
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