Question
You write a software package to sell on the internet. Assume there is no marginal cost to selling one additional unit. What rule do you
You write a software package to sell on the internet. Assume there is no marginal cost to selling one additional unit. What rule do you follow in figuring the final price . will you set the price where a 1% increase in price results in a :
(a) MORE THAN 1% decrease in quantity demanded.
(b) 1% decrease in quantity demanded.
(c)less than 1% decrease in quantity demanded.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
