Question
The monthly demand equation for Penn State Bakery Mini Cookie Canisters is given by P = X = where x represents the number of
The monthly demand equation for Penn State Bakery Mini Cookie Canisters is given by P = X = where x represents the number of thousands of canisters and p is the price, in dollars, of a single canister. (a) If p = 4, find the corresponding value of x. 81 - x (b) If each canister sells for 4 dollars, determine the number of canisters demanded. Round your answer to the nearest integer. Number of canisters demanded =
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
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