A physical therapy clinic faces a demand equation of Q = 200 1.5 P, where

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A physical therapy clinic faces a demand equation of Q = 200 − 1.5 × P, where Q is sessions per month and P is the price per session.

a. The clinic currently charges $80. What is its sales volume and revenue at this price?

b. If the clinic raised its price to $90, what would happen to volume and revenue?

c. If the clinic lowered its price to $70, what would happen to volume and revenue?

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Economics For Healthcare Managers

ISBN: 9781640550483

4th Edition

Authors: Robert Lee

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Question Posted: Oct 28, 2023 03:26 AM

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A physical therapy clinic faces a demand equation of Q = 200 1.5 P, where

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The clinics sales volume at 80 is Q 200 15 80 80 The clinics revenue at ...View the full answer

Economics For Healthcare Managers

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