Spectrum Sound, Inc. manufactures compact disc players with unusual features in its St. Louis Division. The divisional sales manager has estimated the following demand-curve data.
Quantity Sold per Month | Unit Sales Price |
20 | $1,000 |
40 | 50 |
60 | 900 |
80 | 850 |
100 | 800 |
Required:
I. Prepare a table similar to panel C of Exhibit 15-1 summarizing Spectrum Sound’s price, quantity, and revenue data.
2. Draw a graph similar to panel A of Exhibit 15- 1reflecting the data tabulated in requirement (1).
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