1. Business
  2. Economics
  3. suppose the demand for a certain iem is given by...

Question: suppose the demand for a certain iem is given by...

Question details

Suppose the demand for a certain iem is given by Dip)- -2p-5p+900, where p represents the price of the tem in dollars a. Find the rate of change of demand with respect to price b. Find and interpret the rate of change of demand when the prioe is $14 a. The rate of change of demand with respect to price is(Simplifty your answer.) b. Choose the correct answer below and fill in any answer boxes in your choice O A. When the price is $14, demand is decreasing at a rate of about tems for each increase in price of $1 ов. when the price is $14, demand isinmesing at a rate of about items fr each increase in price of O C. When the price is $14, demand is increasing at a rate of about tems for each inarease in price of $1, O D. When the price is $14, demand is decreasing at a rate of about tems for each increase in price of $14 Click to select your answers). 2 3 4 5 6
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution