QS. Allied Electric Co. is developing a new design for its portable electric hair dryer Test marketdata indicate a demand for the new hair dryer as follows:0- 30,000-1000PWhere Q is hait- dryer sales and Pits price1 How many hair dryers could allsed sell at Rs 22 50 each?II What price wo
uld Allied have to charge to sell 12,000 hair dryers?III. Calculate price elasticity of demand at price of Rs. 20.(3)
Allied Electric Co. is developing a new design for its portable electric hair dryer Test market data indicate a demand for the new hair -dryer as follows:
Q= 30,000- 1000P
Where Q is hair- dryer sales and P its price.
I. How many hair dryers could allied sell at Rs. 22.50 each?
II. What price would Allied have to charge to sell 12,000 hair dryers?
III. Calculate price elasticity of demand at price of Rs. 20.
Answers
Answer:
þQS. Allied Electric Co. is developing a new design for its portable electric hair dryer Test marketdata indicate a demand for the new hair dryer as follows:0- 30,000-1000PWhere Q is hait- dryer sales and Pits price1 How many hair dryers could allsed sell at Rs 22 50 each?II What price wo
uld Allied have to charge to sell 12,000 hair dryers?III. Calculate price elasticity of demand at price of Rs. 20.(3)
Allied Electric Co. is developing a new design for its portable electric hair dryer Test market data indicate a demand for the new hair -dryer as follows:
Q= 30,000- 1000P
Where Q is hair- dryer sales and P its price.
I. How many hair dryers could allied sell at Rs. 22.50 each?
II. What price would Allied have to charge to sell 12,000 hair dryers?
III. Calculate price elasticity of demand at price of Rs. 20.QS. Allied Electric Co. is developing a new design for its portable electric hair dryer Test marketdata indicate a demand for the new hair dryer as follows:0- 30,000-1000PWhere Q is hait- dryer sales and Pits price1 How many hair dryers could allsed sell at Rs 22 50 each?II What price wo
uld Allied have to charge to sell 12,000 hair dryers?III. Calculate price elasticity of demand at price of Rs. 20.(3)
Allied Electric Co. is developing a new design for its portable electric hair dryer Test market data indicate a demand for the new hair -dryer as follows:
Q= 30,000- 1000P
Where Q is hair- dryer sales and P its price.
I. How many hair dryers could allied sell at Rs. 22.50 each?
II. What price would Allied have to charge to sell 12,000 hair dryers?
III. Calculate price elasticity of demand at price of Rs. 20.