The price elasticity of demand for dental services is -0.25. In a market with 100 dentists, the…


The appraisement elasticity of insist for dental services is −0.25. In a negotiate after a while 100 dentists, the persomal dental society insisted and ordinary an 8 percent extension in appraisements from the dominant dental insurance assemblage. What should occur to the dentists’ revenues and profits? (Assume that middle costs correspondent ultimate costs.) Would this agreement be steady? Explain.