find the maximum price and quantity given P=50-Q

Economics
Tutor: None Selected Time limit: 1 Day

How can I find the maximum price and quantity with such little information given?

Jun 16th, 2015

Thank you for the opportunity to help you with your question!

Assuming this to be a demand function,

Price will be maximum when Q is zero. Hence maximum price = 50

Quantity will be maximum, when price is zero, Hence maximum quantity = 50

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 16th, 2015

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