Question: Problem 9 6 . Price - supply equation. According t o economic theory, the supply x o f a quantity i n a free market

Problem 96. Price-supply equation. According to economic theory, the supply xof a quantity
in a free market increases as the price p increases. Suppose that the number xofDVD players a
retail chain is willing to sell per week at a price of $pis given by
x=100p0.1p+1,10p70
(A) Find dxdp
(B) Find the supply and the instantaneous rate of change of supply with respect to price when
the price is $40. Write a brief verbal interpretation of these results.
(C) Use the results from part (B)to estimate the supply if the price is increased to $41.
Problem 9 6 . Price - supply equation. According

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