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Question

A local retailer has decided to carry a well-known brand of shampoo. The marketing department tells them that the

quarterly demand by an average man is:

                Qd = 5.5 - 0.75P

and the quarterly demand by an average woman is:

     

        Qd = 4 -0.5P           

The market consists of 10,000 men and 10,000 women. How many bottles of shampoo can they expect to sell if they charge $6 per bottle?           

A. 25,000

B. 10,000

C. 33,000

D. 20,000

Top Answer

In order to get the total quantity sold, first use the demand curves to... View the full answer

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