Question

Based on the sales record for prior years, the manager of the supply store knows that if the store lowers the price of a print cartridge by 25% then the number of cartridges purchased increases by 35%. Suppose the store had lowered the price of print cartridges by 25% in May. What would be the ranking for May? Explain

Answer 1

Answer:The sales of

Cartridge increases by a proportion of 35% if all conditions remains constant

Explanation:

This follows the law of demand and supply. The low the price of a complementary good good the higher the demand and sales of such good. Thank you.