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
icon
Related questions
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.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill