A company that makes sweatshirts finds that the monthly demand is modeled by the equation qD = –8p + 500 where p is the price, in dollars, of a sweatshirt. What is the correct interpretation of the slope of this demand function qD? A.For every $8 decrease in price, they sell 1 less sweatshirt. B.For every $1 increase in price, they sell 8 fewer sweatshirts. C.For every $1 decrease in price, they sell 8 fewer sweatshirts. D.For every $1 increase in price, they sell 8 more sweatshirts. E. For every $8 increase in price, they sell 1 less sweatshirt.
A company that makes sweatshirts finds that the monthly demand is modeled by the equation qD = –8p + 500 where p is the price, in dollars, of a sweatshirt. What is the correct interpretation of the slope of this demand function qD? A.For every $8 decrease in price, they sell 1 less sweatshirt. B.For every $1 increase in price, they sell 8 fewer sweatshirts. C.For every $1 decrease in price, they sell 8 fewer sweatshirts. D.For every $1 increase in price, they sell 8 more sweatshirts. E. For every $8 increase in price, they sell 1 less sweatshirt.
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter6: Exponential Functions And Sequences
Section: Chapter Questions
Problem 6CA
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Question
A company that makes sweatshirts finds that the monthly demand is modeled by the equation qD = –8p + 500 where p is the price, in dollars, of a sweatshirt. What is the correct interpretation of the slope of this demand function qD?
- A.For every $8 decrease in price, they sell 1 less sweatshirt.
- B.For every $1 increase in price, they sell 8 fewer sweatshirts.
- C.For every $1 decrease in price, they sell 8 fewer sweatshirts.
- D.For every $1 increase in price, they sell 8 more sweatshirts.
- E. For every $8 increase in price, they sell 1 less sweatshirt.
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