Solve the Problem. -The Demand Equation for a Certain Product Is Where

question 102

Multiple Choice

Solve the problem.
-The demand equation for a certain product is where p is the price per unit in dollars and q is the number of units demanded. Find dq/dp.

• A) dq/dp = -5q/p
• B) dq/dp = -p/5q
• C) dq/dp = -5p/q
• D) dq/dp = -q/5p

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Definitions:

Salesperson

An individual who sells products or services, often directly to customers, using persuasive techniques to achieve sales goals.

Acknowledge

The act of recognizing or admitting the existence, truth, or validity of something.

Assumptive Close

A sales technique where the seller assumes that the buyer has decided to make a purchase and moves forward with finalizing the sale, often by discussing next steps or payment options.

Purchase Decision

The process by which a consumer decides whether to buy a product or service, often influenced by factors such as need, desire, price, and brand loyalty.