The demand equation for a certain brand of pencil is 100y? + 9t? = 3600 where (y) represents the number (in thousands) of ten-packs demanded each week when the unit price is $(t). How fast is the quantity demanded increasing when the unit price per ten-pack is $14 and the selling price is dropping at the rate of $0.15 per ten-pack per week?
The demand equation for a certain brand of pencil is 100y? + 9t? = 3600 where (y) represents the number (in thousands) of ten-packs demanded each week when the unit price is $(t). How fast is the quantity demanded increasing when the unit price per ten-pack is $14 and the selling price is dropping at the rate of $0.15 per ten-pack per week?
Chapter5: Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 1.1P: (Calculating Price Elasticity of Demand) Suppose that 50 units of a good are demanded at a price of...
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![The demand equation for a certain brand of pencil is
100y? + 9t2 = 3600
where (y) represents the number (in thousands) of ten-packs demanded each week when the unit price
is $(t). How fast is the quantity demanded increasing when the unit price per ten-pack is $14 and the
selling price is dropping at the rate of $0.15 per ten-pack per week?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F034cb1fe-ea64-4148-8923-b49511b0a425%2F115b6a4f-0465-4b72-8abe-7ae5e531a9fd%2Ffsq2zry_processed.png&w=3840&q=75)
Transcribed Image Text:The demand equation for a certain brand of pencil is
100y? + 9t2 = 3600
where (y) represents the number (in thousands) of ten-packs demanded each week when the unit price
is $(t). How fast is the quantity demanded increasing when the unit price per ten-pack is $14 and the
selling price is dropping at the rate of $0.15 per ten-pack per week?
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