The Demand Equation for a Certain Brand of Metal Alloy

question 48

Short Answer

The demand equation for a certain brand of metal alloy audiocassette tape is , where x represents the number (in thousands) of ten-packs demanded each week when the unit price is $p. How fast is the quantity demanded increasing when the unit price/ten-pack is $10 and the selling price is dropping at the rate of $.13/ten-pack/week? Round the answer to the nearest integer.

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Definitions:

Trade or Market

generally refers to a specific area or industry where goods and services are bought and sold.

Fit for Particular Purpose(s)

A legal concept that implies a sold item is suitable for the specific use intended by the buyer, which the seller is aware of.

Adequately Contained

A condition in which something is sufficiently controlled or held to prevent harm or spread.

Labeled

The action of attaching identification, instructions, or contents information to a product or item.