Chapter 81. Pricing Products by Using Subjectively Determined Demand
Questions answered in this chapter:
Sometimes I donât know the price elasticity for a product. In other situations, I donât believe a linear or power demand curve is relevant. Can I still estimate a demand curve and use Solver to determine a profit-maximizing price?
How can a small drugstore determine the profit-maximizing price for lipstick?
Answer to This Chapterâs Questions
Sometimes I donât know the price elasticity for a product. In other situations, I donât believe a linear or power demand curve is relevant. Can I still estimate a demand curve and use Solver to determine a profit-maximizing price?
In situations when you donât know the price elasticity for a product ...
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