Question: Joe's Computer Shack sells a generic leather case that fits many of the tablets he carries. The cases cost him $1.00. He originaly priced them

 Joe's Computer Shack sells a generic leather case that fits many

Joe's Computer Shack sells a generic leather case that fits many of the tablets he carries. The cases cost him $1.00. He originaly priced them at $3.66 and sold 135 of the cases. When he dropped the price on them to $5.96, his sales rose to 183 . What is the optimal selling price for these cases assuming constant elasticity demand

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!