The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p) = 1050/p barrels, where p is the price per barrel in dollars. Find the demand when p= 40. Estimate the decrease in demand if p rises to 41 and the increase in demand if p is decreased to 39. The demand D(40) = The decrease in demand The increase in demand => barrels. barrels.
The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p) = 1050/p barrels, where p is the price per barrel in dollars. Find the demand when p= 40. Estimate the decrease in demand if p rises to 41 and the increase in demand if p is decreased to 39. The demand D(40) = The decrease in demand The increase in demand => barrels. barrels.
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 45SE: A driver of a car stopped at a gas station to fill up his gas tank. He looked at his watch, and the...
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![The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p) = 1050/p barrels,
where p is the price per barrel in dollars. Find the demand when p= 40. Estimate the decrease in demand if p rises to 41 and the increase in demand if p
is decreased to 39.
The demand D(40) =
The decrease in demand=
The increase in demand=
barrels.
barrels.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F702b72a5-f07f-4c22-a3f5-6956511ed203%2F4a246248-d8d3-4aab-8a50-d5a132ef87cb%2F6venecj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p) = 1050/p barrels,
where p is the price per barrel in dollars. Find the demand when p= 40. Estimate the decrease in demand if p rises to 41 and the increase in demand if p
is decreased to 39.
The demand D(40) =
The decrease in demand=
The increase in demand=
barrels.
barrels.
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