George's Pants Store sells a particular brand of slacks. It recently decreased the price of a popular
Question:
a. What is the point price elasticity of demand for these slacks?
b. What would be the optimal markup and price of these items?
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a p Output Price 205 4 b Optimal mark...View the full answer
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ALIAKBAR Panakkal
I am a BE' d in Social Science (Humanities) from University of Calicut, Kerala -India and also have Bachelor degree in Economics from University of Calicut, I have Diploma in Computer Science. At present I am working in a CBSE School. I have 25 years experience in teaching. I am handling subjects - geography, civics, sociology, international relations, political science, economics and history (all history including world history, European history). Now, last two years I am working in e-tuition field also in a prominent US based on line tutoring institutions.
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Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
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