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Question 6 16 pts A marketing consultancy is planning to sell a new app for small business that would help the businesses tailor their marketing

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Question 6 16 pts A marketing consultancy is planning to sell a new app for small business that would help the businesses tailor their marketing plans. Market research suggests that if they sell the app subscriptions for $1000 per year, they will be able to sell 2,500 annual subscriptions. For each $100 reduction in price, they estimate they will sell 500 more annual app subscriptions. Assuming the quantity demanded is linearly related to price: (A) Determine the function x (p) that describes the demand for a annual subscriptions in terms of the annual subscription price p. Answer: x (P) (B) In your work document, write a brief description of each symbol and number in your equation (A) in the context of the question. (C) Calculate x(200) and explain in your work document what the answer represents in the context of the question. x (200) = Next

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