This preview shows page 1. Sign up to view the full content.
Unformatted text preview: that price to $60, what happens to total revenue from shoe sales (calculate PxQ before and after the price change)? Repeat the exercise for initial prices being decreased to $40 and $20, respectively. c. Explain why the answers to a. can be used to predict the answers to b....
View Full Document
This note was uploaded on 03/29/2010 for the course ECO 204 taught by Professor Perkins during the Spring '09 term at Ashford University.
- Spring '09