Find out the demand function

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Q. A manufacturer has been selling 1600 television sets a week at 370 dollars each. A market survey indicates that for each 36 dollars rebate offered to the buyer, the number of sets sold will increase by 60 per week. Find out the demand function.

Q. If an Inndustry had a perfectly inelastic supply curve what would it say about the responsiveness of that industry to changes in demand?

Reference no: EM1349128

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