The elasticity of demand at the price

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Sandy wiches sells fresh sandwiches at a beach location, management has determined that on a typical day, demand can be described by the following equation: Qd = 1200 - 200Px

a. if p = $3.00, determine the number of sandwiches sold and the elasticity of demand at the price

b. if price is increased to $4.00, do you expect demand to be more or less elastic after the price increase? Please explain why

Reference no: EM13829807

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The elasticity of demand at the price : Sandy wiches sells fresh sandwiches at a beach location, management has determined that on a typical day, demand can be described by the following equation: Qd = 1200 - 200Px if p = $3.00, determine the number of sandwiches sold and the elasticity of..

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