What impact would this have on Fossils total revenue?

The market for Fossil Show more Please Explain the answer with detailed explanation and step by step Thank You The market for Fossil Tshirts has a market demand function Qd = 530 12P and as supply function Qs = 150 + 8P. Find the equilibrium price and quantity. Then draw the demand and supply curves making sure you properly indicate the equilibrium. Finally find the price elasticity of demand between the equilibrium price and a market price of $25. If Fossil wishes to decrease the price of its Tshirts to $25 What impact would this have on Fossils total revenue? Explain. Show less

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