question archive The South Park DVD has been a slow seller during recent months
The South Park DVD has been a slow seller during recent months
Subject:EconomicsPrice:2.88 Bought3
The South Park DVD has been a slow seller during recent months. An analysis of monthly demand shows: Q = 5,000 - 160P where Q is DVD sales and P is price.
A. How many DVDs could be sold at a $25 price?
B. Calculate the point price elasticity of demand at a price of $25.
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