Math Solutions

[All Steps] Demand Analysis . KRDY-FM is contemplating a T-shirt advertising promotion. Monthly sales data from T-shirt shops marketing the "Listen to KRDY-FM"

Question: Demand Analysis . KRDY-FM is contemplating a T-shirt advertising promotion. Monthly sales data from T-shirt shops marketing the "Listen to KRDY-FM" design indicate that:

Q = 15,000 - 800P,

where Q is T-shirt sales and P is price.

A. How many T-shirts could KRDY-FM sell at $15 each?
B. What price would KRDY-FM have to charge to sell 5,000 T-shirts?
C. At what price would T-shirt sales equal zero?
D. Calculate the point price elasticity of demand at a price of $15.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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