posted by .

Skateoards sell for \$70. During the past year they sold 4,000 skateboards. The company beleives that the price elasticity for product is -2.5. If it decreases the price to \$63, what would be the quantity sold?

• Economics -

Your School Subject is probably Economics.

## Similar Questions

1. ### economics

a firm is planning to manufacture a new product. the sales department estimates the quanity that can be sold depends on the selling price. as the selling price is increased, the quantity that can be sold decreases. they estimate: P=\$35-0.02Q …
2. ### economics

a firm is planning to manufacture a new product. the sales department estimates the quanity that can be sold depends on the selling price. as the selling price is increased, the quantity that can be sold decreases. they estimate: P=\$35-0.02Q …
3. ### word problem

A manufacturer of graphing calculators has determined that 11,000 calculators per week will be sold at a price of \$90 each. At a price of \$80, it is estimated that 17,000 calculators would be sold. A.) determine a linear function that …
4. ### Managerial Economics

Skateoards sell for \$70. During the past year they sold 4,000 skateboards. The company beleives that the price elasticity for product is -2.5. If it decreases the price to \$63, what would be the quantity sold?
5. ### math

a computer company can sell 1000 computers if they price them at \$500. The number sold will increase by 10 for every 1\$ decrease in the price. The company has fixed cost of \$100,000, and each computer costs \$300 to produce. Find the …
6. ### inter Algebra

A startup company can sell 1000 computers if they price them at \$500. The number sold will increase by 10 for every \$1 decrease in the price. The company has fixed costs of \$100,000, and each computer costs 4300 To produce. find the …
7. ### inter Algebra

A start up computer company can sell 1000 computers if they price them at \$500. The number sold will increase by 10 for every \$1 decrease in the price. The company has fixed costs of \$100,000, and each computer costs \$300 to produce. …
8. ### Economics

We're looking at the market for cat food. When the price is \$10, the quantity sold is 1000 bags. When the price drops 10%, the quantity sold increases 30%. Calculate the price elasticity of demand. (Answer in format X.XX, round to …
9. ### Microeconomics

The quantity of TVs sold is 100 at the unit price \$200. Suppose the price elasticity of demand for TVs by the initial value method is 2.0, and you would like to decrease the unit price for TVs to \$150. Then the new quantity sold must …
10. ### Maths

A company is planning to manufacture and sell a new headphone set. After conducting extensive market surveys, the research department provide the following estimates: Marginal costs function: c^' (x)=RM(40+0.4x) where x is the quantity …

More Similar Questions

Post a New Question