The quantity demanded would increase due to the cheaper price people would want to take advantage and buy it when it was on sale. There is not enough information to determine whether the supply or demand would maintain so D is your answer.
Answer:
26 ft square by 13 ft high
Step-by-step explanation:
The tank will have minimum surface area when opposite sides have the same total area as the square bottom. That is, their height is half their width. This makes the tank half a cube. Said cube would have a volume of ...
2·(8788 ft^3) = (26 ft)^3
The square bottom of the tank is 26 ft square, and its height is 13 ft.
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<em>Solution using derivatives</em>
If x is the side length of the square bottom, the height is 8788/x^2 and the area is ...
x^2 + 4x(8788/x^2) = x^2 +35152/x
The derivative of this is zero when area is minimized:
2x -35152/x^2 = 0
x^3 = 17576 = 26^3 . . . . . multiply by x^2/2, add 17576
x = 26
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As the attached graph shows, a graphing calculator can also provide the solution.