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Q. A computer manufacturer developed the following demand curve.
Q = - 700(P) + 80(I) - 500(S) + 0.01(A)Where P is the price of a computer, I is income of computer purchasers ($45,000), S is the price of software ($400) and A is the company advertising expense ($50,000,000)
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100?
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while the foreign demand for the firm's product is P = 10 - 2 QF . Given this information, the total demand Q (where Q = QD + QF ) that this firm faces satisfies
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If there is a 10% decline in the cost of women's fur coats and a 25% increase in quantity demanded Illustrate what is the elasticity.
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