When Target charges $95 for a children's game, they sell 100 units. Wwhen they charge $84, they sell 120 units. If they were to give away the game for free, how many units (Q) would be demanded? (Answer is NOT infinity) Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER. Type your answer.
When Target charges $95 for a children's game, they sell 100 units. Wwhen they charge $84, they sell 120 units. If they were to give away the game for free, how many units (Q) would be demanded? (Answer is NOT infinity) Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER. Type your answer.
Chapter1: Making Economics Decisions
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When Target charges $95 for a children's game, they sell 100 units. When they charge $84, they sell 120 units.
If they were to give away the game for free, how many units (Q) would be demanded? (Answer is NOT infınity)
Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.
Type your answer.
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Introduction:
In economics, demand is the quantity of an item that customers are willing and able to acquire at various prices over a certain time period. The demand curve is the connection between price and quantity demand. The perceived necessity, price, perceived quality, convenience, accessible alternatives, customers' discretionary money and tastes, and many other factors all influence demand for a certain item.
A demand function is a mathematical equation that represents the demand for a product or service as a function of its price and other parameters such as the pricing of substitutes and complementary commodities, income, and so on.
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