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I just don't even know where to start, I have emailed the teacher twice. "The Salty Pawz margins are good, but would Wanda be better off by lowering
I just don't even know where to start, I have emailed the teacher twice.
"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 quantity supplied and quantity demanded at various price points for Salty Pawz products.
- Using the charts and data, how to create a graphical representation of Supply and Demand Curves for the four Salty Pawz products that Wanda sells.
