Question: The weekly demand equation is given by p + x +4 xp =55, where x is the number of thousands of units demanded weekly and

The weekly demand equation is given by p+x+4xp=55, wherexis the number of thousands of units demanded weekly andpis in dollars. If the pricepisincreasingat a rate of26cents per week when the level of demand is4000units, then demand is increasing or decreasing

at _____units per week.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!