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QUESTION
Example 15.3 Quantity at beginning of season = Period 1 2 3 Total 400 Price $ 162.20 $ 127.58 $ 95.53 Demand 137.80 134.15 128.05 400 Revenue $...
8.4 Additional Homework Exercises
What happens to the quantity purchased and profitability if the price sensitivity increases to from 1.8p3 to 1.9p3 in the third period? What did you learn from this exercise?
