The following function describes the demand condition for a company that makes caps featuring names of college
Question:
Q = 2,000 - 100 P
where Q is cap sales and P is price.
a. 1 low many caps could be sold at $12 each?
b. What should the price be in order for the company to sell 1.000 caps?
c. At what price would cap sales equal zero?
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Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
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