. UT Sports, a store that sells various types of sports clothing and other sports items, is planning to introduce a new design of World Cup Kits. A consultant has estimated the demand curve to be Q= 8400 – 420 P Where Q is cap sales and P is price. How many KITs could UT sell at $25.2 each?How much would the price have to be to sell 7,560 KITs?Suppose UT were to use the KITs as a promotion. How many KITs could UT give away free?At what price would no KITs be sold?Calculate the point price elasticity of demand at a price of $ 25.2.

Given: Q= 8400 – 420 P Where Q =cap sales P=price.

Answered: UT Sports, a store that sells various…

Managerial Economics: A Problem Solving Approach

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ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

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. UT Sports, a store that sells various types of sports clothing and other sports items, is planning to introduce a new design of World Cup Kits. A consultant has estimated the demand curve to be

Q= 8400 – 420 P

Where Q is cap sales and P is price.

How many KITs could UT sell at $25.2 each?
How much would the price have to be to sell 7,560 KITs?
Suppose UT were to use the KITs as a promotion. How many KITs could UT give away free?
At what price would no KITs be sold?
Calculate the point price elasticity of demand at a price of $ 25.2.

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