I need help answering this question?

I need help answering this question?

 Last week, Discount Food Stores, Inc. reduced the average price on the 22ounce size of Dishwashing Liquid by 1%. In response, sales jumped by 8%.

A. Calculate the point price elasticity of demand for Dishwashing Liquid.

B. Calculate the optimal price for Dishwashing Liquid if marginal cost is 70¢ per unit.

"Order a similar paper and get 100% plagiarism free, professional written paper now!"

Order Now