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Thedemand, D, for a new rollerball pen is given by D=0.009p*30.4p*2+120p, where p is the price in dollars. a) Find the rate of change of
Thedemand, D, for a new rollerball pen is given by D=0.009p*30.4p*2+120p, where p is the price in dollars.
a)
Find the rate of change of quantity with respect toprice, dD/dp.
b)
How many units will consumers want to buy when the price is $25 perunit?
c)
Find the rate of change at p=25, and interpret this result.
d)
Would you expectdD/dp to be positive ornegative?
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