The demand equation for a certain brand of metal alloy audiocassette tape is
, where x represents the number (in thousands) of ten-packs demanded each week when the unit price is $p.
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How fast is the quantity demanded increasing when the unit price/ten-pack is $20 and the selling price is dropping at the rate of $.11/ten-pack/week? Round your answer to the nearest integer.
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Hint: To find the value of x when p = 20, solve the equation for x when p = 20.
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A. Increasing at the rate of 93 ten packs/wk.
B. Increasing at the rate of 82 ten packs/wk.
C. Increasing at the rate of 66 ten packs/wk.
D. Increasing at the rate of 31 ten packs/wk.
Answer: C
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A.
B.
C.
D.
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