A foreign aggressive company enters Jordan market. An existing Jordanian company that provides similar product has been forced to reduce the average price by 6%, but it has enjoyed a 42% increase in sale. Meanwhile, marginal costs have held steady at $150 per unit.2A. Calculate the point price elasticity of demand.2B. Calculate markup on cost.

2C. Calculate optimal price.

Answer rating: 100% (QA)

Ans 2A Price elasticity of demand PED 4267 Jo... View the full answer