3 ms·
Yes but assuming perfectly elastic demand, being able to sell the book for $1-$3 instead of $10-$20 à la "the old way" means that she'll sell a great many more,
by noonespecial 16y ago
Yes but assuming perfectly elastic demand, being able to sell the book for $1-$3 instead of $10-$20 à la "the old way" means that she'll sell a great many more, collecting the $1 on each one. More books, more dollars. Win.
- entangld 16y agoI was agreeing with your point not going against it.