Unformatted text preview: t =0) price as a function of the initial reserve and other parameters of the problem. Why is it necessary to assume ? b. Solve for the initial price using the following parameter values R 1000 0.08 0.06 -1.5 Using a range of values, examine the responsiveness of the initial price to the growth rate in demand....
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This note was uploaded on 12/26/2011 for the course ECON 260A taught by Professor Deacon during the Fall '10 term at UCSB.
- Fall '10
- Price Elasticity