Question: Question 3 (40 points) Notebook computer market is represented by the following demand and supply _ 6000-1,4QD S: p = Qs You are the

Question 3 (40 points) Notebook computer market is represented by the following

Question 3 (40 points) Notebook computer market is represented by the following demand and supply _ 6000-1,4QD S: p = Qs You are the Product Manager at a company that produces desktop computers for offices. The company is about to lunch a notebook computer, to compete uith the existing suppliers in the market characterized by the demand and supply above. Assume that Riug*pplg is efficient enough to affect the market price: (i) (15 points) What is the residual demand (D:) for (ii) (25 points) What is the price that you should charge for to your revenue? How many units will you sell at that price?

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