APPLEWATCH please show all work clearly so I can understand. This is confusing.

1. How does Lowering the Price of the Apple watch to $242 (note the original price of $349)
   1. Calculate the Point Price Elasticity of Demand for the Apple Watch (this requires you to show your work, calculate the number and explain the results of the Price Elasticity of Demand—in effect, is it elastic or inelastic and why—you should use the original price and the new price of $242)?
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   3. Calculate this price reduction on Total Revenue (what is initial total revenue when the price was $349). Note—use the demand function to calculate quantity demanded.
2. How would Samsung reducing the price of their Gears to $255 impact the demand for the Apple Watch (use the original price from the paper and this requires a calculation and a numerical answer)
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4. 1. Quantity Demanded for the Apple Watch – this requires a calculation.
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   4. How much would Apple need to reduce their price to retain their market sales (this requires the calculation such that you stay at the same number of sales).

Answer rating: 100% (QA)

Certainly Lets calculate the point price elasticity of demand for the Apple Watch and analyze the im... View the full answer