Sam will take four science tests this quarter. Her scores on three of the tests are shown below.
2 answers:
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Answer:
a. D'(p) = -10p - 6
b. There is a decrease of 96 units of demand for each dollar increase
Step-by-step explanation:
The demand function is:
(a) The derivate of the demand function with respect to price gives us the rate of change of demand:
(b) When p = $9, the rate of change of demand is:
This means that, when p = $9, there is a decrease of 96 units of demand for each dollar increase.