Price—supply. The manufacturers of the CD players in Problem 61 are willing to supply x players at a price of p(x) as given by the equation
(A) Describe how the graph of function p can be obtained from the graph of one of the basic functions in Figure 1 on page 65.
(B) Sketch a graph of function p using part (A) as an aid.
Reference: Problem 61:
Price—demand. A retail chain sells CD players. The retail price p(x) (in dollars) and the weekly demand x for a particular model are related by
(A) Describe how the graph of function p can be obtained from the graph of one of the basic functions in Figure 1 on page 65.
(B) Sketch a graph of function p using part (A) as an aid.
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