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Number of college students in the market: Average number of copies per student per year Your company's estimated share of the total market 25,000 125

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Number of college students in the market: Average number of copies per student per year Your company's estimated share of the total market 25,000 125 13% Your estimated monthly demand for your copy business is: a. 260,417 copies b. 338,541 copies c. 33,854 copies d. 21,701 copies e. 217,013 copies QUESTION 22 What is your estimated weekly demand for your copy business? a. 1,111 copies b. 8,463 c. 9,520 d.4,040 e.V.813 * Save and submit to save and submit. Click Save All Answers to save all answers. QUESTION 23 Based on the amount you calculated for your monthly demand for your copy business, calculate your monthly revenue if you charge $.10 per copy, $3,385.40 $26, 041.00 $33,854.00 $2,170.10 $21,701.30 QUESTION 24 You lower your selling price from $.10 per copy to 5.07 per copy and your original monthly demand increases to 45,854 copies. The elasticity of you Demand is a. .116 b. 1.16 c.196 d. 1.96 IECTION 26 ble and Submit to sate and submit. Click Save All Answers to save all answers MacBook Air Remaining Time: 5 hours, 26 minutes, 05 seconde Question Completion Status QUESTION 25 Based on you answer calculated above, demand is a Inelastic b. Stagnant c. Growing d. Elastic QUESTION 26 You lower your selling price from $.10 per copy to $.07 per copy and your original monthly demand increases to 35,854 copies per month. Determine the elasticity of your demand. a. .116 b. 1.16 c.196 d. 1.96 QUESTION 27 Sache and Submit to save and submit Click Save All Answers to suwe all answers. QUESTION 27 Oooo Based on your calculation of elasticity above, your demand is Inelastic Stagnant Growing Elastic QUESTION 28 If you have a market with an inelastic demand for your copy business, then which of the following apply a. You have a customer base with a higher level of discretionary income b. You have a price sensitive consumer c. You shouldn't lower your selling price d. You are likely to have a brand loyal customer base e. All except B above apply ick Save and Sudut to save and submit. Click Save All Axsters to save all answers MacBook Air

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