You Are the Sales Manager for Montevideo Productions, Inc $q = - 50 p - 85$

Multiple Choice

You are the sales manager for Montevideo Productions, Inc., and you are planning to review the prices you charge clients for television advertisement development. You currently charge each client an hourly development fee of $2,500. With this pricing structure, the demand, measured by the number of contracts Montevideo signs per month, is 35 contracts. This is down 10 contracts from the figure last year, when your company charged only $2,000. Construct a linear demand equation giving the number of contracts q as a function of the hourly fee p Montevideo Productions, Inc., charges for development.

A) $q = - 50 p - 85$
B) $q = - 0.02 p - 85$
C) $q = - 0.02 p + 85$
D) $q = 50 p + 85$
E) $q = 0.02 p + 85$