Question: The price-demand equation for a certain item is given by the equation 3 3 + 2 2 + = 1000 3q 3 +2p 2 q+q=1000,

The price-demand equation for a certain item is given by the equation 3 3 + 2 2 + = 1000 3q 3 +2p 2 q+q=1000, where p is the price in dollars and q is the quantity in items. Question 8.1 Q8.11 Point Grading comment: What does the quantity / dq/dp represent? Choice 1 of 6:The value of the demand divided by the value of the price Choice 2 of 6:The instantaneous rate of change of the demand with respect to the price Choice 3 of 6:The average rate of change of the price with respect to the demand Choice 4 of 6:The average rate of change of the demand with respect to the price Choice 5 of 6:The instantaneous rate of change of the price with respect to the demand Choice 6 of 6:The value of the price divided by the value of the demand

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