Question: Calculate d ( p) using the price response functions presented below. Do the calculations in Excel and present the result in graphs. What price response
Calculate d ( p) using the price– response functions presented below. Do the calculations in Excel and present the result in graphs. What price– response function is given in each case (linear, logit, etc.). Explain.
(a): d(p)=10,0000-500.p (b):d(p)=50,000. p-0.75 (c): d(p)=15,000-50,000/(p +15,000) (d):d(p)= 50,000 (10-0.1-p) 1+e(10-0.1-p)
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