Suppose the demand function for a product is given as Q = 500 5 P. Find
Question:
Suppose the demand function for a product is given as Q = 500 – 5 P.
Find out:
( i) Quantity demanded at pricè15,
( ii) Price to sell 200 units,
( iii) Price for zero demand, and
( iv) Quantity demanded at zero price.
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