Question

The formula = () − applies to the demand of a product, where q is the number of units and P is the price of one unit. How many units will be demanded if the price is Rs. 18.00?

Answer 1

Answer:

4320 units quantities were demanded

Step-by-step explanation:

Given:

$p = 90 (5) - \frac{q}{10}$

Required:

The units demanded when price = 18.00

This implies that:

$p = 18.00$

So, we have:

$p = 90 (5) - \frac{q}{10}$

$18.00 = 90(5) - \frac{q}{10}$

Open bracket

$18.00 = 450 - \frac{q}{10}$

Collect like terms

$\frac{q}{10} = 450 - 18.00$

$\frac{q}{10} = 432$

Solve for q

$q = 432 *10$

$q = 4320$