Ask Question
21 February, 20:45

Suppose that demand, D, for a particular product is given by the function D = 100 - 2p, where p is the price in dollars of the product and D is the number of products that can be sold at that price. What does the slope of this function mean in the context of the problem?

+1
Answers (1)
  1. 21 February, 20:55
    0
    D = 100 - 2p

    Where p is the price in dollars of the product and D is the number of products that can be sold at that price

    And we need to interpret the slope of this function mean in the context of the problem. And for this case the slope is m=-2 and it means that for every increase in the price in 1 $ we will have a decrease the number of products in two units

    Step-by-step explanation:

    For this problem we know the following function given:

    D = 100 - 2p

    Where p is the price in dollars of the product and D is the number of products that can be sold at that price

    And we need to interpret the slope of this function mean in the context of the problem. And for this case the slope is m=-2 and it means that for every increase in the price in 1 $ we will have a decrease the number of products in two units
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose that demand, D, for a particular product is given by the function D = 100 - 2p, where p is the price in dollars of the product and ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers