For each price increase of 60 the manufacturer will market


The quantity of a product that is demanded is 5,000 units when the price is $250. When the price is $225, the demand is 8,000 units. The manufacturer will not market the product if the price is below $100. For each price increase of $60, the manufacturer will market an additional 2,500 units of the product. Find the equilibrium quantity.

a) 9,528

b) 19,681

c) 5,928

d) 6,915

e) None of the above

Solution Preview :

Prepared by a verified Expert
Mathematics: For each price increase of 60 the manufacturer will market
Reference No:- TGS02853366

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)