Question
Price per calculator ($) Quantity demanded 23.75 0 22.25 6 20.75 12 19.25 18 17.75 24 16.25 30 14.75 36 13.25 42 11.75 48 10.25
Price per calculator ($) Quantity demanded
23.75 0
22.25 6
20.75 12
19.25 18
17.75 24
16.25 30
14.75 36
13.25 42
11.75 48
10.25 54
1.If the current price is $22.25 per calculator and the seller wishes to increase revenue, would you recommend a decrease in price to $19.25?Why or why not? briefly explain
2.If the current price is $13.25 per calculator and the seller wishes to increase revenue, would you recommend a decrease in price to $11.75?Why or why not? briefly explain
3.If the current price is $11.75 per calculator and the seller wishes to increase revenue, would you recommend a decrease in price to $10.25?Why or why not? briefly explain
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