Demand According to economic theory, the demand x for a quantity in a free market decreases as the price p increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from 1,000 a retail chain at a price of $p is given by x=0.3p+1' 10≤p≤70. Answer parts (A), (B), and (C). 500- Q 250- x= 1,000 0.3p+1 0 40 Price (dollars) 80 Ly
Demand According to economic theory, the demand x for a quantity in a free market decreases as the price p increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from 1,000 a retail chain at a price of $p is given by x=0.3p+1' 10≤p≤70. Answer parts (A), (B), and (C). 500- Q 250- x= 1,000 0.3p+1 0 40 Price (dollars) 80 Ly
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
Section: Chapter Questions
Problem 10E: Heart Disease In a certain country, the number of deaths due to heart disease decreased from 235 in...
Question
A. The instantaneous rate of change of demand with respect to price is _____when the price is $30?
B. Estimate the demand if the price is increased to $31
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