Question

The demand for q units of a product depends on the price p (in dollars) according to -1, for p > 0. Find and explain the meaning of the instantaneous rate of change of demand with respect to price when the price is as follows. (a) $16 Interpret the instantaneous rate of change. If price increases by the absolute value of this amount, the demand will drop by 1 unit. If price decreases by the absolute value of this amount, the demand will drop by 1 unit. If price decreases by $1, the demand will drop by the absolute value of this number of units. If price increases by $1, the demand will drop by the absolute value of this number of units. If price increases by $1, the demand will increase by the absolute value of this number of units. (b) $64 Interpret the instantaneous rate of change If price increases by the absolute value of this amount, the demand will drop by 1 unit. If price decreases by the absolute value of this amount, the demand will drop by 1 unit. If price decreases by $1, the demand will drop by the absolute value of this number of units. If price increases by $1, the demand will drop by the absolute value of this number of units. If price increases by $1, the demand will increase by the absolute value of this number of units.

Answer 1

q = 512 -1; 120 de que (512 p-12-1) =512() p=3%2_0 da = -2569 3/2 P= $16 dq = -256(163/24 -1-4) (a) reasing -ve a decreasing l 4th option , if the price increased by $1, the demand I will drop by absolute valne of this number of unity (31 p = $64 er 256 (64 +42] = 1-1/2 í 4th option . if the price increased by Ir the tward will drop by absolute Value y this month of unity