Question: The demand function for a certain product is determined by the fact that the product of the price and the quantity demanded equals 6000. The
The demand function for a certain product is determined by the fact that the product of the price and the quantity demanded equals 6000. The product sells fo $3.30 per unit. Suppose manufacturing costs are increasing over time at a rate of 11% and the company plans to increase the price p at this rate as well. Find the rate of change of demand over time. Find the demand function represented in this problem where pis the price of the product and q is the quantity demanded for the product. Type an equation.) Demand is v at a rate of approximately units per unit of time. (Round to the nearest integer as needed.)
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