# Fundamentals of Transportation/Economics/Problem

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?