1.5 Your firm, Content Colleague, is similar to Happy Worker, a Canadian company that designs and manufactures...
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1.5 Your firm, Content Colleague, is similar to Happy Worker, a Canadian company that designs and manufactures toys and collectibles. Your research analyst has estimated the demand function for your stuffed toy animals is Qd = 33 million - 14 million * P2
a. If you set the price of a plush toy at $5, how many will consumers buy?
b. If you increase the price of a plush toy by $1, how will this change the quantity that your customers buy?
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