a-concert-tickets-price-rises-from-50-to-100-if-the-demand-equation-is-q-1000-8p

Question

A concert ticket's price rises from $$50 to 100. If $$the demand equation is Q = 1000 - 8P, what is the change in quantity demanded?

Accepted Answer

Quantity demanded decreases by 400 tickets.

Answer

Quantity demanded increases by 400 tickets.

Answer

Quantity demanded decreases by 200 tickets.

Answer

Quantity demanded increases by 200 tickets.

A concert ticket's price rises from \$50 to \$100. If the demand equation is Q = 1000 - 8P, what is the change in quantity demanded?