The
demand curve for haircuts at Tanas Hair Design is P = 40 – 0.40Q where Q is the
number of cuts...

Question

The
demand curve for haircuts at Tanas Hair Design is P = 40 – 0.40Q where Q is the
number of cuts per week and P is the price of haircut. At a price of $15,
should Tanas raise the price of the haircuts?

David · Accepted Answer

The demand curve for haircuts at Tanas Hair Design is P = 40 – 0.40Q where Q is the number of 
cuts per week and P is the price of haircut. At a price of $15, should Tanas raise the price of the 
haircuts?  
Answer: 
Demand curve: P = 40 – 0.40Q   
This can be written as: Q = 100 – 2.5P  ……..

The demand curve for haircuts at Tanas Hair Design is P = 40 – 0.40Q where Q is the number of cuts per week and P is the price of haircut. At a price of $15, should Tanas raise the price of the...

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