The price elasticity of demand for a case

Reference no: EM13757554

Sparkling Water Co. has determined that the price elasticity of demand for a case of its purified water by Michigan residents is -3.0, while the price elasticity of demand by Florida residents is -2.5. Assume that the marginal cost is constant at $8. What price should Sparking Water Co. charge Michigan and Florida customers?

Reference no: EM13757554

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The price elasticity of demand for a case : Sparkling Water Co. has determined that the price elasticity of demand for a case of its purified water by Michigan residents is -3.0, while the price elasticity of demand by Florida residents is -2.5. Assume that the marginal cost is constant at $8...

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