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 c

Question

3 years ago

10

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 c

artridge 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

Advanced Placement (AP)

1 answer:

zimovet [89] · Answer 1 · 2022-04-15T21:28:18+03:00

zimovet [89]3 years ago

3 0

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.