Your assignment is to create a product (a real or an imaginary product, a new or a product competing with an existing one) for your business and construct an inverse demand equation for this product. This demand function is supposed to help you arrive at a pricing strategy that benefits your business. In other words, the purpose of this project is to find an optimal price for your product. For this project, you should start with a general and brief description of your product and its characteristics. You are considered to be the expert for your product and know the market very well. In order to construct the
inverse demand for your product, please follow the following explanation very carefully (SEE ATTACHED FILES FOR MORE INFORMATION AND GUIDELINES)
Please answer all questions and complete all requirements. Message me if you have any questions or concerns. Thank you in advance for your effort!
