Assume the demand curve for the jeans is negatively sloped

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A producer of designer jeans sells you the company’s entire inventory of blue jeans introduced one year ago. The jeans are all of the same style and you plan to sell them on an Internet site. You have reason to assume the demand curve for the jeans is negatively sloped. Explain whether your revenues will necessarily be largest if you sell the entire inventory. Assume that you must charge every customer the same price for a pair of jeans. Construct a diagram to illustrate your answer.

Reference no: EM13829699

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