Identify the Open Intervals Where the Function Is Increasing

question 17

Multiple Choice

Identify the open intervals where the function is increasing or decreasing.

• A) decreasing on
• B) increasing on
• D) decreasing on ; increasing on

---

Definitions:

Demand for a Product

Refers to the quantity of a product or service that consumers are willing and able to purchase at various prices during a given period of time.

Price of a Product

The amount of money required to purchase a specific good or service, determined by various factors including demand, supply, and production costs.

Pricing Power

The ability of a firm to dictate or influence the price of its goods or services in the market.

Elasticities of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, showing the responsiveness of consumers.