Question

RoBoCo Costume Inc plans to launch a major campaign to sell Robby the Robot costumes for Halloween. The price-demand equation for Robby costumes is
x = 160 - p
The demand x is the number of Robby costumes in thousands) that can be sold at a price p dollars.
a. How many costumes can be sold at a price of $140?
b. What price should be charged if the demand is 120,000 Robby costumes?
$
c. If the price increases by $1.00, by how much does the demand decrease?

Answer 1

Answer:

x = 20,000

p = $40

If the price increase by $1, the demand will decrease by 1000

Step-by-step explanation:

Given:

x = 160 - p

x = number of Robby costumes demanded in thousands

p = price in dollars.

a. How many costumes can be sold at a price of $140?

x = 160 - p

x = 160 - 140

= 20

x = 20,000

20 thousand costumes can be sold at a price of $140

b. What price should be charged if the demand is 120,000 Robby costumes?

x is in thousand

p is in dollars

x = 160 - p

x + p = 160

120 + p = 160

p = 160-120

= 40

p = $40

c. If the price increases by $1.00, by how much does the demand decrease?

x = 160 - p

= 160 - 141

= 19

x= 19,000

If the price increase by $1, the demand will decrease by 1000