Suppose the price p and the demand D(p) for widgets are related by the price-demand equation D(p)+600p=12000. If the price of Widgets is p=4 and increases by 20% what is the percent change in demand?   Select the correct answer below:   The demand decreases by 5%   The demand decreases by 10%   The demand decreases by 15%   The demand decreases by 20%

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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Suppose the price p and the demand D(p) for widgets are related by the price-demand equation

D(p)+600p=12000.
If the price of Widgets is p=4 and increases by 20% what is the percent change in demand?

 

Select the correct answer below:

 

The demand decreases by 5%

 

The demand decreases by 10%

 

The demand decreases by 15%

 

The demand decreases by 20%

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