Question
Could somebody help me with a demand calculation I am struggling with? The following information is available: Q = 23,500 - 260(P). If the manufacturer
Could somebody help me with a demand calculation I am struggling with? The following information is available:
Q = 23,500 - 260(P). If the manufacturer raises its price by $16, what will be the predicted unit change in quantity demanded?
The correct answer is -4,160, but I am having trouble calculating it correctly. Any help would be greatly appreciated!
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Managerial Accounting For Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
6th Edition
1264100590, 9781264100590
