Could you please calculate angle CDO and explaing how did you get it so that I can understand how to answer this question? :)
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Let N be the number of items sold and p the price.
Since the variation is inverse, then the relation between N and p is:
For N=20000 and p = $9.5, we get the formula:
If p = 8.75, then the number of items sold can be computed using the formula:
Since the variation is inverse, then the relation between N and p is:
For N=20000 and p = $9.5, we get the formula:
If p = 8.75, then the number of items sold can be computed using the formula: