Spectrum Sound, Inc. manufactures compact disc players with unusual features in its St. Louis Division. The divisional sales manager has estimated the following demand-curve data. Quantity Sold per Month Unit Sales Price
20 ..................................................................................................................................... $1,000
40 ......................................................................................................................................... 950
60 ......................................................................................................................................... 900
80 ......................................................................................................................................... 850
100 ....................................................................................................................................... 800
Required:
1. Prepare a table similar to panel C of Exhibit 15-1 summarizing Spectrum Sound's price, quantity, and revenue data.
2. Draw a graph similar to panel A of Exhibit 15-1 reflecting the data tabulated in requirement (1)?