Question

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?

Answer 1

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.

Answer 2

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.