Question
A publishing company plans to publish a book. From the sales data of other publisher of similar books, it works out the demand function for
A publishing company plans to publish a book. From the sales data of other publisher of similar books, it works out the demand function for the book as:
Q = 5000 – 5P
Find out
i) Demand curve
ii) Number of book sold at P = Rs. 25
iii) Price for selling 2500 copies
iv) Price for zero sales
Elasticity for fall in price from Rs. 25 to Rs. 20
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Essentials Of Business Statistics Communicating With Numbers
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