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Table 1.30 gives data for the linear demand curve for a product, where p is the price of

Applied Calculus | 5th Edition | ISBN: 9781118174920 | Authors: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more

Problem 31 Chapter 1.4

Applied Calculus | 5th Edition

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Applied Calculus | 5th Edition | ISBN: 9781118174920 | Authors: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more

Applied Calculus | 5th Edition

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Problem 31

Table 1.30 gives data for the linear demand curve for a product, where p is the price of the product and q is the quantity sold every month at that price. Find formulas for the following functions. Interpret their slopes in terms of demand. (a) q as a function of p. (b) p as a function of q. Table 1.30 p (dollars) 16 18 20 22 24 q (tons) 500 460 420 380 340 3

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Chapter 1.4, Problem 31 is Solved
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Textbook: Applied Calculus
Edition: 5
Author: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more
ISBN: 9781118174920

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