Question: The weekly demand equation is given by p + x + 5 xp = 35 where x is the number of thousands of units demanded
The weekly demand equation is given by
p + x + 5xp = 35
where x is the number of thousands of units demanded weekly and p is in dollars. If the price p is increasing at a rate of 32 cents per week when the level of demand is 2000 units, then demand is decreasing at how many units per week?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
