Msrp

chicagokid429 · #1 May 7, 2007, 07:05 PM

MSRP base price of $3,229. Let’s assume that recently Sony sold 220,000 units at that price in a week. The research department of Sony has suggested reducing the price to $2,890 and estimates that the price elasticity of demand for Sony LCD TV is 3.0. If the research department is correct, what will be the quantity sold in a week after the price cut? What will be Sony’s new total sales ($) from LCD 46-inch TV only?

Clough · May 8, 2007, 12:58 AM

Please see the following site.

http://www.askmehelpdesk.com/math-sc...board-b-u.html



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