Rail Tours, Inc., sells packaged tours on rail lines, including gourmet meals and a reserved bed. Themost popular tours are in the autumn, when foliage colors are at their peak. The overnight package forSaturday and Sunday morning are especially heavily booked. A market survey firm has just completed astudy in which they conclude that if the package cost is $200 per couple, then Rail Tours can expect tosell 400 spaces on a typical Saturday. If the price is raised to $225, then unit sales will drop to 390. If theprice is raised further to $250, unit sales drop to 380.From the data given, write down the demand equation and determine its intercepts. Are there anyprecautions needed when operating at the extreme ends of the demand curve?I know the slope intercept is -2.5 but I cant seem to figure out the rest of the demand equation. The study guide says it is P = 1,200 â€“ 2.5Q. I dont understand how the 1,200 was obtained. Do you happen to know how to draw this value from the store above?
At superior-papers.com, your custom essay order will be finished much quicker than you can even imagine. From regular orders taking a few days to urgent orders needed in a few short hours, superior-papers.com offers quick, reliable service to meet all your custom essay needs.
4870 Cass Ave
Detroit, MI, United States
+1 (940) 905 5542