Demand Function The amount of a commodity thatis sold is called the demand for the commodity. Thedemand D for a certain commodity is a function of theprice given byD = f(p) = -3p + 150(a) Find f.What does f represent?(b) Find f(30). What does your answer represent?

(a) Obtain the inverse function. D=-3p+150D-150=-3pp=13150-Df-1D=13150-D Here the inverse function…

Answered: Demand Function The amount of a…

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.8: one-to-one Functions And Their Inverses

Problem 97E

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Demand Function The amount of a commodity that is sold is called the demand for the commodity. The demand D for a certain commodity is a function of the price given by D = f(p) = -3p + 150 (a) Find f.What does f represent? (b) Find f(30). What does your answer represent?