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$1.25 eco

Found in Economics-General

  • Date of Posting: 15, Mar. 2012
  • Due Date: 16, Mar. 2012

Q: You must give up your full-time job, which paid $50,000 per year, and you worked part-time for half of the year. The average retail price of the cookbooks will be $30, and their average cost will be $20. Assume that the equation for demand is Q = 10,000 – 9,000P, where Q = the number of cookbooks sold per month P = the retail price of books. Show what the demand curve would look like if you sold the books between $25 and $35

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