Please answer subparts d, e, f & don't give handwritten answer thanku C.by the obHo nolassydows phof.pie?If the price before the promotion was $6 per pie, what is the new price perplaCalculate the revenue before the price drop.Calculate the revenue after the price dropIs the price drop a good marketing strategy, holding all else constant? Kroger store decides to run a price promotion for apple pies. Through marketresearch, they estimate an elasticity of demand for apple pies to be -1.8. During the pricepromotion, they lower the price of pies by 25%. Before the price drop, they sold 135,000pies.a.C.above.Are apple pies an inelastic good or elastic good? Interpret the OPE givenkadasGiven the promotion price change, what would the expected percentagechange in quantity be?pie?If the price before the promotion was $6 per pie, what is the new price per

Firms use the price elasticity of demand to modify their demand elasticity. If the demand for the…

Answered: f. Calculate the revenue before the…

f. Calculate the revenue before the price drop. Calculate the revenue after the price drop Is the price drop a good marketing strategy, holding all else constant?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please answer subparts d, e, f & don't give handwritten answer thanku

C.
by the ob
Ho nolassy
dows pho
f.
pie?
If the price before the promotion was $6 per pie, what is the new price per
pla
Calculate the revenue before the price drop.
Calculate the revenue after the price drop
Is the price drop a good marketing strategy, holding all else constant?

Kroger store decides to run a price promotion for apple pies. Through market
research, they estimate an elasticity of demand for apple pies to be -1.8. During the price
promotion, they lower the price of pies by 25%. Before the price drop, they sold 135,000
pies.
a.
C.
above.
Are apple pies an inelastic good or elastic good? Interpret the OPE given
kadas
Given the promotion price change, what would the expected percentage
change in quantity be?
pie?
If the price before the promotion was $6 per pie, what is the new price per

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Subject: finance
MANUAL SOLUTION AND CASH FLOW DIAGRAM