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Ifpdenotes the selling price (in dollars) of a commodity andxis the corresponding demand (in number sold per day), then the relationship betweenpandxis sometimes given byp=p
Ifpdenotes the selling price (in dollars) of a commodity andxis the corresponding demand (in number sold per day), then the relationship betweenpandxis sometimes given byp=p0e(-ax), wherep0andaare positive constants. Expressxas a function ofp. (Typep0as p_0 and recall that you need lower case.)
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