Question: A startup coffee shop has determined that the demand function for their coffee is 14,000 - (P - 6) / 1.07 * 700, where P

A startup coffee shop has determined that the demand function for their coffee is 14,000 - (P - 6) / 1.07 * 700, where P represents the price. Let's assume the fixed costs of the coffee shop are $7,000, and the variable cost of production per item is $2. Find the price that maximizes the profits.

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