If demand is D1, what is the lowest price that Stromnord can charge so that it will not run out of this model of shoe in the mon

Question

Eva8 [605]

3 years ago

13

If demand is D1, what is the lowest price that Stromnord can charge so that it will not run out of this model of shoe in the mon

th of July?

Mathematics

1 answer:

Molodets [167] · Answer 1 · 2021-11-19T13:18:58+03:00

Molodets [167]3 years ago

3 0

D1 = 60 for a price of $80. Charging $80 will ensure supply exceeds demand.
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The store apparently could charge a price slightly lower than $80, but we cannot tell from the chart how much lower.