The Demand Function for a Certain Commodity Is Given by

question 7

Multiple Choice

The demand function for a certain commodity is given by , where q is number of units. At what price per unit will the quantity demanded equal 4 units? Round your answer to the nearest cent. ​

• A)$1.83
• B)$0.05
• C)$0.74
• D)$13.53
• E)$0.38

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Definitions:

Goldfish

A common freshwater fish kept in aquariums, known for its bright orange color, which is descended from wild carp.

Sea Lamprey

An invasive, parasitic fish known for its detrital impact on native fish species in the Great Lakes and other fresh water environments.

Welland Canal

A ship canal in Canada, connecting Lake Ontario and Lake Erie, facilitating navigation and trade by bypassing Niagara Falls.

Ballast Water

Water carried in ships' ballast tanks to improve stability and balance, which, when discharged, can introduce invasive aquatic species to new environments.