Using Excel, Tough Scrubbers Estimates the Quarterly Demand for Their

question 111

Multiple Choice

Using Excel, Tough Scrubbers estimates the quarterly demand for their kitchen sponges to be Q^d = 5,600 - (25 × P) . If the actual demand for their kitchen sponges is 5,535 when a price of $4 per sponge is charge, what is the estimated residual?

• A)60
• B)18
• C)0
• D)35

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Definitions:

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