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The Bruises and Bumps Company makes and sells skateboards at

Paper help Economics The Bruises and Bumps Company makes and sells skateboards at

Economics

The Bruises and Bumps Company makes and sells skateboards at

The Bruises and Bumps Company makes and sells skateboards at an average price of $70 each. Over the… Show more; The Bruises and Bumps Company makes and sells skateboards at an average price of $70 each. Over the past year they sold 4,000 skateboards. Its closest competitor, Broken Bones Inc., sells its skateboards at an average price of $65. If the point price elasticity of demand for the skateboards produced by Bruises and Bumps is –2.5, and Bruises and Bumps were to lower their price by 5%, how many skateboards should they expect to sell this year? Please explain your answer Answer

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