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Choke price is the maximum price at which the quantity demanded of a good drops to zero. To calculate it, you typically analyze the demand curve for the product, identifying the price point where demand reaches zero. This can often be estimated using demand equations or by observing market behavior. In practical terms, you may set up a linear demand equation and solve for the price when quantity demanded equals zero.
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What is choke price?
"choke price" is an economics term that simply means the minimum price at which no customers will buy a given product. For example, if only 2 customers are willing to buy a widget for $10, only 1 customer is willing to buy a widget for $11 dollars, and no customers are willing to buy a widget for $12 or more dollars, then the "choke price" of widgets its $12 dollars.
How do you calculate Average selling price?
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How do you calculate net price?
To calculate the net price of a given commodity, subtract the expresses from the gross prices. The new figure is will be the net price.
How do you calculate net-price?
To calculate the net price of a given commodity, subtract the expresses from the gross prices. The new figure is will be the net price.
Calculate gross price to net price?
Gross price-expenses=net price
What is the price of a Winchester shotgun Model 1912 12 gauge full choke nickel steel that is average condition?
The price of the Winchester shotgun model 1912 in a 12 gauge full choke nickel steel with an average condition is about 600 dollars to about 1200 dollars. This price varies with the current market and the condition of the stock and finish.
Do you calculate discount or a new price?
The only practical reason to calculate the discount is as an intermediate step in determining the new price.
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