Consider a product where the total market demand is 8,000 units per year. If market research shows that the market is price sensitive and k=100, then when the price is set at $50, the demand per year is for:
A. 4,500 units
B. 2,000 units
C. 3,000 units
D. 6,000 units
Answer: C
Trades & Technology
You might also like to view...
What is a form liner and what is it made of?
What will be an ideal response?
Trades & Technology
____ coils revert to their de-energized state whenever the PLC is cycled from stop to run or whenever the power is cycled.
A. Retentive B. Nonretentive C. Negative D. Open
Trades & Technology
The most common complaint from CV joint failure is noise while turning
Indicate whether the statement is true or false
Trades & Technology
If an uncharged capacitor, a resistor, a switch and a 12 V battery are connected in series, what is the voltage across the capacitor at the instant the switch is closed?
A) 24 V B) 12 V C) 0 V D) 6 V
Trades & Technology