4. When the price of a certain commodity is p dollars per unit, consumers demand q hundred units of the commodity where p2 + 2612
4. When the price of a certain commodity is p dollars per unit, consumers demand q hundred units of the commodity where p2 + 2612 = 600. How fast is the demand, q, changing with respect to time when the price is $20 and is decreasing at a rate of $0.50 per month? [5 marks]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
