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wrote...
Posts: 187
A month ago
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.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
Posts: 230
Rep: 9 0
A month ago
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$750.
1
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wrote...
A month ago
Thank you for answering so quickly
wrote...
A month ago
Was feeling bored, my pleasure Grinning Face with Smiling Eyes
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