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Author Question: Clark Manufacturing offers two product lines, IN2 and EL5. The demand of the IN2 product line is ... (Read 535 times)

CBme

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Question 1

A hotel in Orlando, Florida, experiences peak periods and slower times. How should prices be adjusted during peak periods? During slow times? Why?

Question 2

Clark Manufacturing offers two product lines, IN2 and EL5. The demand of the IN2 product line is inelastic, while the demand of the EL5 product line is very elastic. If Clark initiates a price increase for both product lines, how will customer demand change? How will the price increase affect operating profits?


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Marked as best answer by CBme on Mar 6, 2021

essyface1

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CBme

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


brbarasa

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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