Question: The demand function for a product is modeled by p = 1 2 , 0 0 0 1 4 4 + e 0 . 0

The demand function for a product is modeled by
p =12,000
1
44+ e0.001x
.
Find the price p (in dollars) of the product when the quantity demanded is x =1000 units and x =1500 units. What is the limit of the price as x increases without bound?
(a)x =1000 units (Round your answer to two decimal places.)
$
(b)x =1500 units (Round your answer to two decimal places.)
$
(c) What is the limit of the price as x increases without bound?
$

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