Wednesday

March 4, 2015

March 4, 2015

Posted by **genise** on Wednesday, May 5, 2010 at 1:16am.

Q = 4,000 - 1,000P

where Q is chocolate bar sales and P is price.

i) How many chocolate bars could be sold at RM2 each?

ii)

iii) What price would have to be charged to sell 2,500 chocolate bars?

iv)

iii) At what price would sales equal zero?

v) How many chocolate bars could be given away?

vi) Calculate the point price elasticity of demand at a price of RM2.

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