Solution-What is the demand elasticity

What is the demand elasticity

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Reference no: EM132323839

Sarah has been selling 5,000 baseball caps per month at $7.50 each. When she decreased the price to $4.50 she sold 6,000 baseball caps.

A) What is the demand elasticity?

B) If Sarah's marginal cost is $7 per cap, what is her desired markup and what is her initial actual markup?

C) Was decreasing the price profitable for Sarah's baseball caps business? Explain.

Reference no: EM132323839

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What is the demand elasticity

Reference no: EM132323839

Reference no: EM132323839

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