SOLUTION: Q = 2,000 - 100P
where Q is cap sales and P is price.
a. How many caps could ABC sell at $6 each?
b. How much would the price have to be to sell 1,800 caps?
c. Suppose ABC were
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Question 1127659: Q = 2,000 - 100P
where Q is cap sales and P is price.
a. How many caps could ABC sell at $6 each?
b. How much would the price have to be to sell 1,800 caps?
c. Suppose ABC were to use the caps as a promotion. How many caps could ABC give
away free?
d. At what price would no caps be sold?
e. Calculate the point price elasticity of demand at a price of $6.
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
where is cap sales and is price.
a.
How many caps could ABC sell at $ each?
ABC could sell at $ each
b.
How much would the price have to be to sell caps?
the price have to be to sell caps is $ each
c.
Suppose ABC were to use the caps as a promotion. How many caps could ABC give away free?
give away free means
d. At what price would no caps be sold?
at $ each
e.
Calculate the point price elasticity of demand at a price of $.
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