Question: A basic concept in economics is that the higher the price of a product, the fewer units that will be sold. The relationship between the

A basic concept in economics is that the higher the price of a product, the fewer units that will be

sold. The relationship between the number of goods that will be sold (q, measured in units) when the

price is set at p (measured in dollars) is referred to as demand. An example of a demand function

is q = 100/p. Suppose that inflation is causing the price to increasing at $2 per month. How will the p

quantity of goods sold change when p = $5?

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