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Catracho Catracho
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2 years ago
A car wash reduced the price of a basic wash as a promotion and test of the market. With the price at $11 the average monthly sales has been 30000. When the price dropped to $10, the average monthly sales rose to 35000. Assume that monthly sales is linearly related to the price.
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bio_manbio_man
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2 years ago
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A car wash reduced the price of a basic wash as a promotion and test of the market. With the price at $8 the average monthly sales has been 27000. When the price dropped to $7, the average monthly sales rose to 33000. Assume that monthly sales is linearly related to the price.

What car wash price would maximize revenue? $ ______________

Hint: What is the demand function?

Answer:


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