4 ms·
> It really isn't. The assertion was "$10/m they'll need 5x customers to reach same revenue" Revenue = Price * Quantity Sold. Let x = Quantity Sold, and y =
by Closi 6y ago
> It really isn't.
The assertion was "$10/m they'll need 5x customers to reach same revenue"
Revenue = Price * Quantity Sold.
Let x = Quantity Sold, and y = revenue
$50 * x = y
$10 = $50/5
$50/5 * x = y/5
$10 * 5x = y
OP stated a fact, and you said it was incorrect. I'm just trying to say the disagreement is actually about how elastic the price is (i.e. a change of x% in price results in a y% change in the number of customers).