Suppose That the Demand for a Product Depends on the Price

question 190

Multiple Choice

Suppose that the demand for a product depends on the price p according to , , where p is in dollars. Find and explain the meaning of the instantaneous rate of change of demand with respect to price when . ​

• A)-0.32. If price increases by $1, the demand will decrease approximately 0.32 units.
• B)0.32. If price increases by $1, the demand will increase approximately 0.32 units.
• C)-0.64. If price increases by $1, the demand will decrease approximately 0.64 units.
• D)-49.84. If price increases by $1, the demand will increase approximately 49.84 units.
• E)0.64. If price increases by $1, the demand will decrease approximately 0.64 units.

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Definitions:

Sacral Hiatus

An opening at the end of the sacral canal in the vertebral column, through which nerves and membranes can pass.

Superior Articular Facet

A part of a vertebra that connects with an adjacent vertebra above it, facilitating spinal movement and support.

Median Sacral Crest

A ridge of bone on the posterior surface of the sacrum, formed by the fusion of the spinous processes of the sacral vertebrae.

Posterior Sacral Foramina

Openings located on the dorsal side of the sacrum bone through which nerves and blood vessels pass.