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[Solution Library] Demand Analysis . Aspen, Colorado is engaging in a bumper-sticker advertising campaign. Monthly sales data from ski shops selling the

Question: Demand Analysis . Aspen, Colorado is engaging in a bumper-sticker advertising campaign. Monthly sales data from ski shops selling the "Don't Worry-Be Happy (in Aspen)" bumper-stickers indicate that:

Q = 6,000 - 2,000P

where Q is bumper-sticker sales and P is price.

A. How many bumper-stickers could Aspen sell at $2 each?
B. What price would Aspen have to charge to sell 5,000 bumper-stickers?
C. At what price would bumper-sticker sales equal zero?
D. Calculate the point price elasticity of demand at a price of $1.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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