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You were gifted a box of 50 thermos bottles that you do not need and you plan to sell them on ebay. You were initially
You were gifted a box of 50 thermos bottles that you do not need and you plan to sell them on ebay. You were initially thinking of asking for $20 per bottle, but then you found out that demand is elastic at $20. Should you lower your asking price? What if demand were inelastic at $20
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
