Title: MONOPOLY: a) Calculate the quantity effect and price effect of a price cut from $6 to $5. Estimat Post by: alaska47 on Oct 27, 2017 a) Calculate the quantity effect and price effect of a price cut from $6 to $5. Estimate the change in total revenue due to the price cut. Explain your answer.
b) Comment on the elasticity of the demand curve between the price range of $5 to $6. Explain your answer Any help would be appreciated!! Thanks in advance!! |