Suppose a marketing manager from a food manufacture company conducted a new survey regarding its new product
Fantastic news! We've Found the answer you've been seeking!
Question:
Suppose a marketing manager from a food manufacture company conducted a new survey regarding its new product sales potential. Below is the demand curve that the manager had generated. Explain how would $2.5 price increase affect the demand.
Specifically,please clearly state:
(1). whether the demand will increase or decrease; (0.5')
(2). demand will be increasing or decreasing by how much in terms of percentage? (Rounding two decimal points ) (0.5')
Demand(%)=0.1091Price+1.3664
Posted Date: