Question:Ni Knights Inc. has market research that shows the average
gentleman’s demand for shrubberies is qM...
Question
Ni Knights Inc. has market research that shows the average
gentleman’s demand for shrubberies is qM...
Ni Knights Inc. has market research that shows the average
gentleman’s demand for shrubberies is qM = 55 - 2p while the
average gentlewoman’s demand for shrubberies is qW = 45 - 6p . The
market consists of 100 gentlemen and 100
gentlewomen.
Will Ni Knights Inc. increase or decrease sales revenue if they
raise the price of shrubberies? (Provide evidence)