Problem 1-11 for most products, higher prices result in a decreased demand, whereas lower prices result in an increased demand. let d = annual demand for a product in units p = price per unit assume that a firm accepts the following price-demand relationship as being realistic: d = 800 - 10p where p must be between $20 and $70. how many units can the firm sell at the $20 per-unit price? round your answer to the nearest whole number.

The firm will sell 600 units at $20

Explanation:

Giving the following information:

d = annual demand for a product in units

p = price per unit

d = 800 - 10p

p must be between $20 and $70.

Elastic demand

We have to calculate how many units the firm will sell at $20

d=800-10*p=800-10*20= 600 units

steering wheels are always situated on the left side of the car.

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hashed or broken lines means you may change lanes when it is safe.

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explanation:

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