What will be the new sales forecast if the competitor lowers its price to $32?

s economist havi Show more Office Enterprises (OE) produces a line of metal office file cabinets. The companys economist having investigated a large number of past data has established the following equation of demand for these cabinets: Q = 10000 + 60B 100P + 50C where Q = Annual number of cabinets sold B = Index of nonresidential construction P = Average price per cabinet charged by OE C = Average price per cabinet charged by OEs closest competitor It is expected that next years nonresidential construction index will stand at 160 OEs average price will be $40 and the competitors average price will be $35. Forecast annual sales. Enter your response as a whole number without the dollar sign. What will be the new sales forecast if the competitor lowers its price to $32? What will be the new sales forecast if OE reacts to the decrease mentioned in the previous question by lowering its price to $37? (The competitors price will now be $32 and the firms own price will be $37.) If the index forecast was wrong and it turns out to be only 140 next year what will be OEs projected sales assuming the original price information of P = $40 and C = $35? Enter your answer as whole numbers. Show less

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