Suppose the original price for the tree products are $1k

Model S: P=100

Model 3 P=45

Model Y P=55

1. Based on your estimated demand functions, compute the own price elastic of demand for each car at the above price points and state weather the demand at the above price points is elastic, inelastic or unit elastic.

Answer rating: 100% (QA)

To compute the own price elasticity of demand for each car model we need information about the quant... View the full answer