At what price would no caps be sold? calculate the price, Ask an Expert

Economics

ABC Sports, A stor that sells various types of sports clothing and other sports items, is planning to introduce a new design of Arizona Diamondbacks' baseball caps. A consultant has estimated demand curve to be Q = 2,000 - 100P where Q is cap sales and P is price

A.How many caps would ABC sell at $6 each

B. How much would the price have tobe to sell 1800 caps?.

C. Suppose ABC were to use the caps as a promotion. How many caps could ABC give away free?

D. At what price would no caps be sold?

E. Calculate the price elasticity of demand at a price of $6

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9441668

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