Question
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$1.00 Calculus
- From Mathematics: Calculus
- Closed, but you can still post tutorials
- Due on Nov. 08, 2009
- Asked on Nov 05, 2009 at 11:42:56PM
Q:
Suppose that the demand function q(p) for a certain product is given by
q(p) = 5000e-0.03p
Where p denotes the price of the product. If the item is currently selling for $100 per unit and the quantity supplied is decreasing at a rate of 70 units per week, find the rate at which the price of the product is changing.
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