Suppose your elasticity of demand for your parking lot spaces is 0.5, and price is $20

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Suppose your elasticity of demand for your parking lot spaces is – 0.5, and price is $20 per day. If your MC is zero, and your capacity at 9 A.M. is 96%full over the last month, are you optimizing?

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Managerial Economics A Problem-Solving Approach

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Authors: Luke M. Froeb, Brain T. Mccann

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Question Posted: Jan 21, 2012 07:03 AM

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Suppose your elasticity of demand for your parking lot spaces is 0.5, and price is $20

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