Business, 19.09.2019 19:30 darkskinnednune

Suppose you are a perfectly competitive cotton candy make are you are charging $5 per bag and you are selling 1,000 bags a month. if you lower the price by a nickel, what do you predict will happen to sales? they will go to zero they will not increase because it can sell as many units as it wants at$5 will decline but not to zero will increase since demand curves slope down

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Suppose you are a perfectly competitive cotton candy make are you are charging $5 per bag and you ar...