chpt 4 question 6

Project Description:

the teenager company makes and sells skateboards at an average price of $70 each. during the past year, they sold 4,000 of these skatebards. the company believes that the price elasticity for this product is about -2.5 if it decreases the price to $63, what should be the quantity sold? will revenue increase? why?
Skills Required:
Project Stats:

Price Type: Negotiable

Completed
Total Proposals: 3
1 Current viewersl
11 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.8
    232 Jobs 193 Reviews
    $5 in 0 Day
  • 3.8
    30 Jobs 19 Reviews
    $3 in 0 Day
  • 4.5
    355 Jobs 236 Reviews
    $5 in 0 Day