Business, 20.02.2020 19:02, angelthompson2018

Assume you initially sold wrist watches at $75 per watch. At that price, consumers purchased 10 watches per week. You decide to drop the price to $50 per watch. As a result, consumers purchase 35 watches per week. Is this an increase in demand?Explain why or why not.

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Assume you initially sold wrist watches at $75 per watch. At that price, consumers purchased 10 watc...