Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation ...... p= D(q) = 24 - 1.25q vhere p is the price (in dollars) and q is the quantity demanded (in hundreds). Find the price at each level of demand. Answer part= a. Find the price when the demand is 0 watches. The price when the demand is 0 watches is $.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter4: Rational Expressions
Section4.7: More Fractional Equations And Applications
Problem 53PS: Set up an equation and solve each of the following problems. Objectives 3 It takes Amy twice as long...
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Use the information listed below to solve parts a through h.
Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation
p=D(q) = 24 - 1.25q
where p is the price (in dollars) and q is the quantity demanded (in hundreds). Find the price at each level of demand. Answer parts a through d.
a. Find the price when the demand is 0 watches.
The price when the demand is 0 watches is $.
Transcribed Image Text:Use the information listed below to solve parts a through h. Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation p=D(q) = 24 - 1.25q where p is the price (in dollars) and q is the quantity demanded (in hundreds). Find the price at each level of demand. Answer parts a through d. a. Find the price when the demand is 0 watches. The price when the demand is 0 watches is $.
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