|Question||The following function describes the demand condition for a company that makes caps featuring names of college and professional teams in a variety of sports.
Q = 2,000 – 100 P
where Q is cap sales and P is price.
a. 1 low many caps could be sold at $12 each?
b. What should the price be in order for the company to sell 1.000 caps?
c. At what price would cap sales equal zero?