You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost of $25,000 (your wholesale supplier would not let you purchase the skis and bindings separately, nor would it let you purchase fewer than 60 sets). the community in which your store is located consists of many different types of skiers, ranging from advanced to beginners. from experience, you know that different skiers value skis and bindings differently. however, you cannot profitably price discriminate because you cannot prevent resale. there are about 20 advanced skiers who value skis at $400 and ski bindings at $275; 20 intermediate skiers who value skis at $300 and ski bindings at $400; and 20 beginning skiers who value skis at $200 and ski bindings at $350. what is your maximum revenue if you charge a separate price for skis and bindings?
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Ответ:
The quantity demanded is likely to fall by 10%.
Explanation:
The elasticity of demand shows the change in quantity demanded due to change in the price of the commodity.
Unitary elastic demand means that the elasticity of demand is equal to 1. It means that a proportionate change in price will lead to equally proportionate change in price.
So, if it is a normal good a 10% increase in price will cause the quantity demanded to fall by 10%.