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Question 1: The Dolan Corporation, a maker of small engines, determines that in 2012 the demand curve for its product is: P = 2,000 -
Question 1: The Dolan Corporation, a maker of small engines, determines that in 2012 the demand curve for its product is: P = 2,000 - 50Q where P is the price (in dollars) of an engine and Q is the number of engines sold per month. a. To sell 20 engines per month, what price would Dolan have to charge? b. If managers set a price of $500, how many engines will Dolan sell per month?
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