Suppose That the Price P (In Dollars) of a Product

question 24

Multiple Choice

Suppose that the price p (in dollars) of a product is given by the demand function where x represents the quantity demanded. If the daily demand is increase at a rate of 5 units per day, at what rate is the price changing when the demand is 64 units? Round your answer to two decimal places. ​

• A)The price is decreasing at approximately 0.24 dollars per day.
• B)The price is decreasing at approximately 0.04 dollars per day.
• C)The price is decreasing at approximately 0.14 dollars per day.
• D)The price is decreasing at approximately 0.03 dollars per day.
• E)The price is decreasing at approximately 0.08 dollars per day.

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Definitions:

Regression

A defense mechanism leading an individual to revert to an earlier stage of development in the face of unacceptable thoughts or impulses.

Stress

The body's response to any demand or challenge, which can be caused by both positive and negative experiences and can affect mental and physical health.

Immaturity

A state or condition of not being fully developed or lacking the emotional or intellectual development appropriate for one's age.

Preconscious Mind

Part of the mind containing thoughts and feelings that are not currently in consciousness but can be accessed with attention.