A supermarket sells two brands of granola: brand A at $p per pound and brand B at $q per pound. The daily demands x and y (in pounds) for brands A and B, respectively are given by the following equations. x = 300 -7p +9q y = 400 + 9p8q ?x ap ?x ap Find and and interpret the results. ду ap ду ap əx ap A $1 increase in the price of brand A will increase the demand for brand B by 7 pounds at any price level (p,q). " Form the interpretation of 0 by filling in the words below. ду ap A $1 increase in the price of brand A will decrease the demand for brand B by 9 pounds at any price level (p,q). Form the interpretation of by filling in the words below. brand A brand B

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CM: Cumulative Review Problem Set
Problem 114CM
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A supermarket sells two brands of granola: brand A at $p per pound and brand B at $q per pound. The daily demands x
and y (in pounds) for brands A and B, respectively are given by the following equations.
x = 300 - 7p +9q
y = 400 + 9p8q
?x ду
Find and
ap ap
ax
ap
=
and interpret the results.
?x
ap
A $1 increase in the price of brand A will increase the demand for brand B by 7 pounds at any price level (p,q).
ду
ap
Form the interpretation of
by filling in the words below.
ду
ap
A $1 increase in the price of brand A will decrease the demand for brand B by 9 pounds at any price level (p,q).
Form the interpretation of
by filling in the words below.
brand A
brand B
Transcribed Image Text:A supermarket sells two brands of granola: brand A at $p per pound and brand B at $q per pound. The daily demands x and y (in pounds) for brands A and B, respectively are given by the following equations. x = 300 - 7p +9q y = 400 + 9p8q ?x ду Find and ap ap ax ap = and interpret the results. ?x ap A $1 increase in the price of brand A will increase the demand for brand B by 7 pounds at any price level (p,q). ду ap Form the interpretation of by filling in the words below. ду ap A $1 increase in the price of brand A will decrease the demand for brand B by 9 pounds at any price level (p,q). Form the interpretation of by filling in the words below. brand A brand B
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