What is the unit price corresponding to a quantity demand

Assignment Help Business Economics
Reference no: EM133599404

Question: The quantity demanded for a new video game is 10,000 units when the unit price is $50. At $70 per unit, the quantity demanded drops to 5,000 units. After you find the demand equation, what is the unit price corresponding to a quantity demand of 7,500 units?

 

 

Reference no: EM133599404

Questions Cloud

Examine affirmative defenses used in legal proceedings : Examine affirmative defenses used in legal proceedings. How will you be able to apply the skills you learned from this course to gain life
Perform an analysis of one predetermines data element : HIT 272- Identify facility standards regarding healthcare documentation. Perform an analysis of one predetermines data element.
Determine the direction of the magnetic force : Calculate the magnitude and determine the direction of the magnetic force on the wire.
Entrepreneurs could unknowingly agree to these waivers : concern that unwary, inexperienced, unsophisticated do-it-yourself entrepreneurs could unknowingly agree to these waivers. Should courts enforce such waivers?
What is the unit price corresponding to a quantity demand : the quantity demanded drops to 5,000 units. After you find the demand equation, what is the unit price corresponding to a quantity demand of 7,500 units?
Legal doctrines and logic that determined the result : The ratio means you are only looking for reasons, legal doctrines and logic that determined the result.
Explain entitlements : Calculate and explain his entitlements. How would you answer change if he had 19 years and four months seniority?
Federal government will pay for cost plus incentive fee : Calculate how much the federal government will pay for a Cost Plus Incentive Fee (CPIF) contract based on the below factors Target
What ethical frameworks best fits to justify the response : What ethical frameworks best fits to justify the response of the rest of the world? Oil and gas prices surged creating additional burden on those trying

Reviews

Write a Review

Business Economics Questions & Answers

  Change in the technological environment that impacts

Discuss a recent change in the technological environment that impacts marketing. How has it affected buyer behavior and how has it changed marketing?

  Depth first search or a breadth first search

Do you find it easier to traverse the tree using a depth first search or a breadth first search? Why?

  Qmccullough has a monopoly on rental dwellings in the local

q.mccullough has a monopoly on rental dwellings in the local community. the demand for rental dwellings is p 1400 -

  Variable types about autonomous vehicle

A self-driving or an autonomous car is a car that uses a combination of sensors and artificial intelligence (AI) to move safely between destinations with little

  What new technology has come online to produce laptops

With increased access to wireless technology and lighter weight, the demand for laptop computers has increased substantially. Laptops have also become easier and cheaper to produce as new technology has come online. Despite the shift of demand, pr..

  Explain the new consensus keynesian perspective

The Great Depression shaped economic theory, social life, and people's views of a market economy in general.

  Significantly increased spending on capital goods

A newspaper recently reported that U.S. businesses have significantly increased spending on capital goods. What effect might this trend have on U.S. labor markets?

  Calculate the efficient level of enrolment

The marginal cost of a college education is given by the equation MC = ½ Qs + 2, where Qs represents the national student enrolment in millions each year. The demand for a college education is given by the inverse demand function P = -½ Qd + 18. In a..

  Safe jobs and risky jobs determined

How is the market-compensating wage differential between safe jobs and risky jobs determined? Which type will offer a higher wage?

  Explain at least five elements of critical thinking

Explain at least five elements of critical thinking. An example in what good critical thinking skills and are being demonstrated and lacks good critical

  What is the present worth of his degree

Perry is a freshman. He estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $13,000 this year. He expects these costs to rise about $1500 each year while he is in college. If he earns an extra$15,0..

  Constantly adjusting to changes in both supply-demand

The markets for natural resources such as copper are constantly adjusting to changes in both supply and demand. How would your argument in part a change if, instead of the mine closures being unanticipated, it was actually easy to see the closures co..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd