. Central Plaza conducted a study of the demand for men's ties. It found that the average monthly demand (D) in terms of price (P) is given by the equation D = 800-5P How many ties per day can its store expect to sell at a price of Rs.100 per tie

. Central Plaza conducted a study of the demand for men's ties. It found that the average monthly demand (D) in terms of price (P) is given by the equation D = 800-5P How many ties per day can its store expect to sell at a price of Rs.100 per tie

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Elasticity

Section: Chapter Questions

Problem 1QP

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Q4. Central Plaza conducted a study of the demand for men's ties. It found that the
average monthly demand (D) in terms of price (P) is given by the equation D = 800-5P
How many ties per day can its store expect to sell at a price of Rs.100 per tie?

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