Fundamentals of Transportation/Economics/Problem

A poll is taken in about selling a sports car. There are 1000 subjects. The results came back for the two questions, with the number of people who replied yes: Question 1: Would you buy a brand new sports car for $500,000? 10 people Would you buy a brand new sports car for $50,000? 95 people Would you buy a brand new sports car for $5,000? 812 people Would you buy a brand new sports car for $500? 995 people Would you buy a brand new sports car for $50? 999 people Would you buy a brand new sports car for $5? 1000 people Question 2: Would you sell your brand new sports car for $500,000? 995 people Would you sell your brand new sports car for $50,000? 500 people Would you sell your brand new sports car for $5,000? 90 people Would you sell your brand new sports car for $500? 3 people Would you sell your brand new sports car for $50? 1 person Would you sell your brand new sports car for $5? 0 people What would be the appropriate balance of price and number of people interested? (Solution) /Problems