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At a price of $4.95, a pulp fiction novel is expected to sell 9,000 copies. If the novel is offered for sale at a price of $3.95,

then the publisher can expect to sell:

 a. less than9,000 copies. 

 b.9,000 copies. 

 c. more than9,000 copies. 

 d. It is impossible to predict the effect of a lower price on sales. 

user-image
تم إضافة السؤال من قبل Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
تاريخ النشر: 2015/05/12
FITAH MOHAMED
من قبل FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

 c.>>>>>>>>>>>>>>>>>> more than9,000 copies. 

مستخدم محذوف‎
من قبل مستخدم محذوف‎

C

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Thanks

Wasi Rahman Sheikh
من قبل Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Answer option _____________________c

Emad Mohammed said abdalla
من قبل Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

  1. At a price of $4.95, a pulp fiction novel is expected to sell9,000 copies. If the novel is offered for sale at a price of $3.95, then the publisher can expect to sell The correct answer was: c. more than9,000 copies.. more than9,000 copies. 

khaled elkholy
من قبل khaled elkholy , HR MANAGER , misk for import & export

 c. more than9,000 copies. is right,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Asad Ahmed
من قبل Asad Ahmed , Manager Finance & Company Secretary , Connect Communications Pvt. Ltd.

If a pulp fiction is covering100% of its target market or100% of its customers than the reduce in price will have no effect on the sale of the pulp fiction novel, and if they think that due to the price of $4.95 they are missing1 or more than1% of its target market market than definitely the reduce in price will increase its sales 

Ashraf Samir Sorour
من قبل Ashraf Samir Sorour , Head Of Finance And Administration , Revamp Consulting

Choice C is the correct answer.

Bello Abubakar
من قبل Bello Abubakar , Cinema 4D Render/Sketch UP, AutoCAD, ArchiCAD and Revit Specialist , Federal Housing Authority

Agree with Mr Alex Yazouri...................................

Jose Miguel Lucas Martins
من قبل Jose Miguel Lucas Martins , IT Director - Robotic Process Automation (RPA) , Novo Banco

With the information given, the correct option is D (it is impossible to predict the effect of a lower price on sales), because it all depends of the elasticity of demand do price:

1. If elasticity is positive (greater than zero), option C is correct (more than9.000). This is what usually happens in the marketplace, but... ; 

2. If elasticity is zero, option B is correct (9.000 copies);

3. If elasticity is negative (lower than zero), option A is correct (less than9.000)

 

So either option (A, B or C) could be the correct one, depending on the value of demand elasticity to price. As nothing is said about this, the correct option is then D

Safi Ullah
من قبل Safi Ullah , Electrical Trainee Engineer , PESCO (Peshawar Electric Supply Company)

c. more than9,000 copies. 

 

Mohammed Fathe  Shaheem
من قبل Mohammed Fathe Shaheem , Operation Executive , Arabian Construction Company

C --------------------------------