A Company Has Found That the Daily Demand P for Its

question 5

Multiple Choice

A company has found that the daily demand p for its boxes of chocolates is inversely proportional to the price x . When the price is $\$ 6$ , the demand is $750$ boxes. Approximate the demand when the price is increased to $\$ 7$ . Round your answer to the nearest number of boxes.

• A) \(643\) boxes
• B) \(365\) boxes
• C) \(707\) boxes
• D) \(498\) boxes
• E) \(579\) boxes

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Definitions:

Purchasing Power

The ability of an individual or group to buy goods or services, often tied to income levels and inflation.

Appreciation

An increase in the value of one currency relative to another currency.

Nanotechnology

The science and technology of creating and utilizing materials, devices, and systems by manipulating matter at the nanometer scale.

Economic Growth

An increase in the production of goods and services in an economy over a period, often measured as the percent rate increase in real gross domestic product (GDP).