Demand Curve
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4) (demand curve)The demand curve for a certain commodity is p=-.001q+32.5
a) At what price can 31,500 units of the commodity be sold at?
b) What quanities are so large that many units of the commodity can't possibly be sold no matter how low the price... The hint they gave was to drop the price, make an inequality and solve for q.
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A demand curve is analyzed. The solution is detailed and well presented. The response received a rating of "5/5" from the student who originally posted the question.
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a) When q=31,500, p=-0.001*31,500+32.5=1
So the price is 1 dollar.
b) Even the ...
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