Question text

Demand Analysis. KRDY-FM is contemplating a T-shirt advertising promotion. Monthly sales data from T-shirt shops marketing the "Listen to KRDY-FM" design indicate that:

Q = 15,000 - 800P

where Q is T-shirt sales and P is price.

A.How many T-shirts could KRDY-FM sell at $15 each?B.What price would KRDY-FM have to charge to sell 5,000 T-shirts?C.At what price would T-shirt sales equal zero?D.How many T-shirts could be given away?E.Calculate the point price elasticity of demand at a price of $15.