Managerial Economics & Organizational Architecture 5th Edition by James Brickley, Jerold Zimmerman, Clifford Smith

تمرين 32

You work for a company in India that manufactures and exports batteries and other charge storage devices. You are the sales manager for a DC-DC converter that is used to step up or step down the voltage in various industrial applications. You currently price the product at 4,000 Indian Rupees (INR) and sell 100,000 units. You estimate that if you priced the product at 3,000 INR you would sell 150,000 units.
You think it is reasonable to assume that your demand curve is linear.
Are you currently operating in the elastic or inelastic portion of your demand curve