A company currently sells a product for $40 and at this price, demand is 16,000 units per month. It has been estimated that for every $3 increase or reduction in the price, monthly demand will fall or increase by 2,000 units. What is the formula for the demand curve for this product?
A、48 – 0.0001875Q
B、64 – 0.0015Q
C、64 – 0.003Q
D、64 – 0.015Q
A、48 – 0.0001875Q
B、64 – 0.0015Q
C、64 – 0.003Q
D、64 – 0.015Q
【参考答案及解析】
Price at which demand is 0 = $40 + (16,000/2,000) × $3 = $64 When P = a – bQ, b = 3/2,000 = 0.0015
Price at which demand is 0 = $40 + (16,000/2,000) × $3 = $64 When P = a – bQ, b = 3/2,000 = 0.0015