A physical therapy clinic faces a demand equation

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Reference no: EM13898778

A physical therapy clinic faces a demand equation of Q = 200 – 1.5 × P,

where Q is sessions per month and P is the price per session.

a. The clinic currently charges $80. What is its sales volume and revenue at this price?

b. If the clinic raised its price to $90, what would happen to volume and revenue?

c. If the clinic lowered its price to $70, what would happen to volume and revenue?

Reference no: EM13898778

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