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 tworoom suites to be
p equals minus StartFraction q squared Over EndFractionpq
where p is the pricein dollars and q is the quantity demanded. Use implicit differentiation to find and interpret
StartFraction dq Over dp EndFractiondqdp
when
qequals
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Part
Choose the correct answer below and fill in the answer box to complete your answer.
A
StartFraction dq Over dp EndFractiondqdpequalsenter your response here
which means that if the price is increased by $ the quantity demanded decreases by approximately
StartAbsoluteValue StartFraction dq Over dp EndFraction EndAbsoluteValuedqdp
suites.
B
StartFraction dq Over dp EndFractiondqdpequalsenter your response here
which means that if the price is increased by $ the quantity demanded increases by approximately
StartAbsoluteValue StartFraction dq Over dp EndFraction EndAbsoluteValuedqdp
suites.
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