A physical therapy clinic faces a demand equation of q 200, Ask an Expert

Economics

A physical therapy clinic faces a demand equation of Q = 200 – 1.5 × P, where Q is sessions per month and P is the price per session. a. The clinic currently charges $80. What is its sales volume and revenue at this price? b. If the clinic raised its price to $90, what would happen to volume and revenue? c. If the clinic lowered its price to $70, what would happen to volume and revenue?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91572344

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