Question:Your marketing department just undertook a major advertising
campaign promoting the quality of your Best Brand...
Question
Your marketing department just undertook a major advertising
campaign promoting the quality of your Best Brand...
Your marketing department just undertook a major advertising
campaign promoting the quality of your Best Brand Bike Shorts-BBB
Shorts. They have provided you with an estimate of the success of
the campaign stating that: “the price elasticity of demand has
decreased from -5.76 to -3.76.”
Before the campaign, your
price was $240 per pair of BBB Shorts. What should be the new
price?