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23 February, 13:09

ABC Bookstore sells new books according to the demand function P = - Q + 25, where P is the price and Q is the quantity. If the bookstore charges $18 for a new book, how many new books can the store expect to sell?

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  1. 23 February, 15:27
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    P = - Q + 2518 = - Q + 2518-25 = - Q-7 = - Q-7/-1 = - Q/-1Q = 7

    Therefore, the store can expect to sell 7 new books if they will charge $18 for the new books.
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