According to economic theory, the demand x for a quantity in a free market decreases as the price p increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from a retail chain at a price of Sp is given by x= Answer parts (A), (B), and (C). 1,000 0.3p+1' 10 sp≤70.
According to economic theory, the demand x for a quantity in a free market decreases as the price p increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from a retail chain at a price of Sp is given by x= Answer parts (A), (B), and (C). 1,000 0.3p+1' 10 sp≤70.
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?
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Transcribed Image Text:The demand is x =
when the price is $30.
Transcribed Image Text:According to economic theory, the demand x for a quantity in a free market decreases as the price p
increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from
a retail chain at a price of $p is given by x=-
1,000
0.3p+1'
10 ≤ p ≤70.
Answer parts (A), (B), and (C).
Q
500-
Demand
250-
x=
1,000
0.3p+1
40
Price (dollars)
80
☑
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