Question: The demand for a commodity general decreases as the prices are raised. Suppose that the demand for oil (per capita per year) is D(p)=950/p barrels

The demand for a commodity general decreases as the prices are raised. Suppose that the demand for oil (per capita per year) is D(p)=950/p barrels where p is the price of barrels in dollars. Find the demand when p=55. Estimate the decrease in demand if p raises to 56 and the increase in demand if p decreases to 54

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