5. The price p (in pesos) and demand x for kimchi orders in a month are related by (x – 800)? – 1,530(p + 20) = 0. If the current price of P150 is increasing at a rate of P10 per month, and the number of kimchi orders exceed 1,000, find the rate of change of the demand for kimchi orders.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
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5. The price p (in pesos) and demand x for kimchi orders in a month are related by
(x - 800)2 – 1,530(p+ 20) = 0.
If the current price of P150 is increasing at a rate of P10 per month, and the number of kimchi
orders exceed 1,000, find the rate of change of the demand for kimchi orders.
Transcribed Image Text:5. The price p (in pesos) and demand x for kimchi orders in a month are related by (x - 800)2 – 1,530(p+ 20) = 0. If the current price of P150 is increasing at a rate of P10 per month, and the number of kimchi orders exceed 1,000, find the rate of change of the demand for kimchi orders.
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