The Price of a Certain Commodity in Dollars Per Unit

question 70

Short Answer

The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by
​ .
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What is the price of the commodity at ?
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$__________/unit
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How fast is the price of the commodity changing at ?
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__________ (increasing / decreasing) at the rate of $__________/wk
​
Find the equilibrium price of the commodity.

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