Serendipity Sound, Inc. manufactures compact disk players with unusual features in its Minneapolis Division. The divisional sales manager has estimated the following demand-curve data.

Required:
1. Prepare a table similar to panel C of Exhibit 15-1 summarizing Serendipity Sound's price, quantity, and revenue data.
2. Draw a graph similar to panel A of Exhibit 15-1 reflecting the data tabulated in requirement ( 1 ).

Transcribed Image Text:

Quantity Sold per Month 20... 40. 60. Unit Sales Price $500 475 450 (continues)