Question 3 (5 points) Q = 25,500 - 250(P). If the manufacturer raises its price by...

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Answer 1

Answer #1

Ans. =

Q = 25500 - 250 (P)

Put P as $16, as Price Increased by $16

Q = 25500 - 250 (16)
Q = 25500 - 4000
Q = 21500

So, Predicted Unit change in Quantity Demanded would be Equal to 21500 units.

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Answer 2

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