f21126281 f21126281
  • 11-06-2022
  • Business
contestada

If Leland changed its price from $11 to $9, how would the company’s marginal revenue have changed?

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samuelonum1
samuelonum1 samuelonum1
  • 13-06-2022

If the price drops from $11 to $9 demand will become high because the smaller the cost the more the demand.

Theory of Demand and Supply

The relationship between demand and supply is such that the higher the price the lower the demand and vice versa.

It should be noted also that the market forces are greatly influenced by demand and supply.

Learn more about demand and supply here:

https://brainly.com/question/4804206

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