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Other Fields Homework Help Economics Topic started by: autumnnelson123 on Jul 22, 2019



Title: Recall the Application about choosing a price for trampolines based on a linear demand curve to ...
Post by: autumnnelson123 on Jul 22, 2019
Recall the Application about choosing a price for trampolines based on a linear demand curve to answer the following question(s).


Recall the Application. Suppose a firm that produces trampolines has a linear demand curve for its product, with a vertical intercept of $1,500. If the firm does NOT want the demand for its product to be price-inelastic, the minimum price it should charge is:

▸ $500.

▸ $750.

▸ $1,000.

▸ $1,500.


Title: Recall the Application about choosing a price for trampolines based on a linear demand curve to ...
Post by: amw87470 on Jul 22, 2019
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Title: Recall the Application about choosing a price for trampolines based on a linear demand curve to ...
Post by: autumnnelson123 on Jul 22, 2019
Thank you for answering so quickly