The Supply Equation for a Certain Brand of Radio Is

question 213

Multiple Choice

The supply equation for a certain brand of radio is given by , where p is expressed in dollars/bushel and x, the quantity demanded each year, is measured in billions of bushels.The economists are forecasting a harvest of 1.8 billion bushels for the year, with a maximum error of 15% in their forecast. Determine the corresponding maximum error in the predicted price per bushel of soybeans.Round the answer to the nearest percent.

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