View the step-by-step solution to:


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

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question