Question: 2 The following table shows two demand schedules for a given style of men's shoe-that is, how many pairs per month will be demanded at


2 The following table shows two demand schedules for a given style of men's shoe-that is, how many pairs per month will be demanded at various prices at Stromnord, a men's clothing store. D1 Quantity D2 Quantity Price Demanded Demanded 6.66 $70 53 13 points 65 60 15 60 68 18 55 77 22 50 87 27 Book Suppose that Stromnord has exactly 65 pairs of this style of shoe in inventory at the start of the month of July and will not receive any more pairs of this style until at least August 1. Print Instructions: Enter your answers as a whole number. a. If demand is Dj, what is the lowest price that Stromnord can charge so that it will not run out of this model of shoe in the month of References July? $ What if demand is D2? $ b. If the price of shoes is set at $70 for both July and August and demand will be Dy in July and Dj in August, how many pairs of shoes should Stromnord order if it wants to end the month of August with exactly zero pairs of shoes in its inventory? pair(s) How many pairs of shoes should it order if the price is set at $50 for both months? pair(s)
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