Question: The demand equation for a certain product is 8p + 5q = 1400, where p is the price per unit in dollars and is the


The demand equation for a certain product is 8p² + 5q² = 1400, where p is the price per unit in dollars and is the number of units demanded.(a) Find and interpret dq/dp.(a) How is dq/dp calculated?A. Use implicit differentiation. Differentiate with respect to q and assume that q is a function of p.B. Use implicit differentiation. Differentiate with respect to q and assume that p is a function of q.C. Use implicit differentiation. Differentiate with respect to p and assume that p is a function of q.D. Use implicit differentiation. Differentiate with respect to p and assume that q is a function of p.Find and interpret dq/dp. Select the correct choice below and fill in the answer box to complete your choice.A. dq/dp is the rate of change of price with respect to demand dq/dp = ?.
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