Suppose that q = f(p) is the demand curve for a product, where p is the selling price in
Chapter 1, Problem 7(choose chapter or problem)
Suppose that q = f(p) is the demand curve for a product, where p is the selling price in dollars and q is the quantity sold at that price. (a) What does the statement f(12) = 60 tell you about demand for this product? (b) Do you expect this function to be increasing or decreasing? Why?
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