Question: A casino hotel manager has approximated demand for two - room suites to be p equals 5 0 0 0 minus StartFraction q squared Over

A casino hotel manager has approximated demand for two-room suites to be
p equals 5000 minus StartFraction q squared Over 18 EndFractionp=5000q218,
where p is the price(in dollars) and q is the quantity demanded. Use implicit differentiation to find and interpret
StartFraction dq Over dp EndFractiondqdp
when
qequals=33.
Question content area bottom
Part 1
Choose the correct answer below and fill in the answer box to complete your answer.
A.
StartFraction dq Over dp EndFractiondqdpequals=enter your response here,
which means that if the price is increased by $1, the quantity demanded decreases by approximately
StartAbsoluteValue StartFraction dq Over dp EndFraction EndAbsoluteValuedqdp
suites.
B.
StartFraction dq Over dp EndFractiondqdpequals=enter your response here,
which means that if the price is increased by $1, the quantity demanded increases by approximately
StartAbsoluteValue StartFraction dq Over dp EndFraction EndAbsoluteValuedqdp
suites.

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