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The following is the demand function for a company that makes caps featuring names of college and professional teams in a variety of sports.
Q=2,000-100P
Where Q is cap sales and P is price.

a.) How 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?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9499274

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