The quantity of a product that is demanded is 4,000 units when the price is $ 270

Marketing Jan 12, 2021

The quantity of a product that is demanded is 4,000 units when the price is $ 270. When the price is $ 225, the demand is 11,000 units. The manufacturer will not market the product if the price is below $ 100. For each price increase of $ 50, the manufacturer will market an additional 2,500 units of the product. Find the equilibrium quantity.

a) 7,405

b) 8,655

c) 10,632

d) 25,368

e) 29,158

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