Revenue and elasticity-the price demand equation for, Ask an Expert

Management Studies

Revenue and elasticity:-

The price demand equation for home-delivered large pizzas is p=38.2 - 0.002x.

where x is the number of pizzas delivered weekly. The current price of one pizza is $21. In order to generate additional revenue from the sale of large pizzas, would you recommend a price increase or a price decrease? Explain.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92023513

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