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Math · Calculus
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Part 1
According to economic theory, the demand x for a quantity in a free market decreases as the price p increases (see the figure) Suppose that the number x of DVD players people are willing to buy per week from a retail chain 7,000 at a price of Sp is given by x 02p+1. 10 Answer parts (A), (B), and (C) , 10s ps 70 3500 7,000 x 02p+ 1 1750- 40 Price (dolars) 80 Enter your answer in each of the answer boxes avascriptdoExercise(4)

Part 2
dx dp in (A) Find dp (B) Find the demand and the instantaneous rate of change of demand with respect to price when the price is $20 Write a brief interpretation of these results. The demand is x=L」when the price is $20. The instantaneous rate of change of demand with respect to price is when the price is s20 Write a brief interpretation of these results At a price level of $20, the demand is DVD players per week and demand is V at the rate of (C) Use the results from part (B) to estimate the demand if the price is increased to $21, The demand is approximatelyf the price is increased to S21. 7:28 PM
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