Question: Given the demand function for beef (kg) P=100-2Q 1) How much would the price have to fall for consumers to be willing to buy 1
Given the demand function for beef (kg) P=100-2Q
1) How much would the price have to fall for consumers to be willing to buy 1 more kg of beef per day and if the price decreases by 0.7, by how much will the demand change?
Please show calculations to better understand answers as i only have a good knowledge of maths but not calculus.
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