Question: You have given the following demand function Q = 2 5 0 - 1 0 0 P + 0 . 0 0 0 1 Pop

You have given the following demand function
Q =250-100P +0.0001Pop +0.003I +0.003A
P= Price
Pop= Population
I= Income
A=Advertisement
Interpret the demand function
If Pop =4,000,000 persons, I = Rs 50,000 and A = Rs 400,000
Calculate Q at Price 3,4 and 5
Calculate the prices necessary to sell 1,250,1,500, and 1,750

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