Solution-Find the equilibrium quantity

Find the equilibrium quantity

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Reference no: EM132059904

The quantity of a product that is demanded is 5,000 units when the price is $250. When the price is $225, the demand is 8,000 units. The manufacturer will not market the product if the price is below $100. For each price increase of $60, the manufacturer will market an additional 2,500 units of the product. Find the equilibrium quantity.

a) 9,528

b) 19,681

c) 5,928

d) 6,915

e) None of the above

Reference no: EM132059904

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Find the equilibrium quantity

Reference no: EM132059904

Reference no: EM132059904

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