The first edition hardcover of a new book by a popular writer has a demand which is normally distributed with an average of 5 million and a standard deviation of 1 million. The production and transportation costs per hardcover are $12, and the sale price in bookstores is $30. When the paperback version comes out, the hardcover books go on sale for $7.50. How many hardcovers should be produced?

answer; /// i believe the correct answer is (market share); good luck

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.

answer///supply is elastic, and demand is inelastic;