Question: Break down how price affects both supply and demand. Explain how to use linear interpolation to make optimal pricing decisions. Identify different types of price

  1. Break down how price affects both supply and demand.
  2. Explain how to use linear interpolation to make optimal pricing decisions.
  3. Identify different types of price discrimination.
  4. Give examples of inelastic pricing.
  5. Predict the effect higher margins for your products would have on your competitors.
  6. Compare the value of a unit of price to a unit of volume

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