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28 July, 22:17

The manager of Viking Sports finds that the price elasticity of baseball bats is - 0.77. He wants to hold a sale to get rid of his inventory. What will you advise him?

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  1. 28 July, 22:46
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    The price elasticity of baseball bats is - 0.77, this indicates that the demand for bats tends to inelasticity. Therefore, if the manager wants to dispose of his inventory, he would advise you not to lower the price because it would cause a decrease in income. He could raise the price and earn more since being an inelastic demand, the quantity demanded would not be modified as much as the price would change.
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