Question

The Salty Pawz margins are good, but would Wanda be better off by lowering prices and potentially selling more? Would dropping her price even make a difference, or would she just be giving away her profits? What would be the impact on demand if she reduced her price? Use the "Supply and Demand" data beginning on page 8 of the Salty Pawz Case Study. The information there illustrates the potential impacts on the quantity supplied and quantity demanded at various price points for Salty Pawz products. Using the charts and data, supply Wanda with a business recommendation. In your recommendation provide the following: analysis of the impact of lower product prices, explanation of the impact of dropping prices, and the impact on demand based on the reduction of the product price.

Answer 1

Answer: Incomplete question

Explanation: The data supplied is not enough to answer the question.