The demand function for q units of a product at $p per unit is given by p(q + 2)² = 100,000. Find the rate of change of quantity with respect to price when p = $40. 48 Interpret this result. If the price is increased by $1.00, the demand will decrease by

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.6: Solving Quadratic Equations By Using The Quadratic Formula
Problem 64PFA
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The demand function for q units of a product at $p per unit is given by
p(q + 2)2 = 100,000.
%3D
Find the rate of change of quantity with respect to price when p
$40.
48
Interpret this result.
If the price is increased by $1.00, the demand will
decrease
by
units.
Transcribed Image Text:The demand function for q units of a product at $p per unit is given by p(q + 2)2 = 100,000. %3D Find the rate of change of quantity with respect to price when p $40. 48 Interpret this result. If the price is increased by $1.00, the demand will decrease by units.
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