According to economic theory, the demand x for a quantity in a free market decreases as the price p increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from a retail chain at a price of Sp is given by x= Answer parts (A), (B), and (C). 1,000 0.3p+1' 10 sp≤70.

Elementary Geometry For College Students, 7e
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Chapter8: Areas Of Polygons And Circles
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The demand is x =
when the price is $30.
Transcribed Image Text:The demand is x = when the price is $30.
According to economic theory, the demand x for a quantity in a free market decreases as the price p
increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from
a retail chain at a price of $p is given by x=-
1,000
0.3p+1'
10 ≤ p ≤70.
Answer parts (A), (B), and (C).
Q
500-
Demand
250-
x=
1,000
0.3p+1
40
Price (dollars)
80
☑
Transcribed Image Text:According to economic theory, the demand x for a quantity in a free market decreases as the price p increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from a retail chain at a price of $p is given by x=- 1,000 0.3p+1' 10 ≤ p ≤70. Answer parts (A), (B), and (C). Q 500- Demand 250- x= 1,000 0.3p+1 40 Price (dollars) 80 ☑
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