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A conical tank (with vertex down) is 20 feet across the top and 18 feet deep.If water is flowing into the tank at a rate of 20 cubic feet per minute,find the rate of change of the depth of the water when the water is 12 feet deep.
Quantity Demanded
The cumulative quantity of a product or service that buyers are ready and capable of buying at a certain price level.
Elasticity Coefficient
A numeric value that measures the responsiveness of the quantity demanded or supplied of a good to a change in its price.
Buyer Responsiveness
The degree to which consumers adjust their demand for a product or service in response to changes in price or other factors.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.
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