[Step-by-Step] The number x of stereo speakers people are willing to buy per week from a retail chain at a price of $p is given by x=1000-60√p+25,


Question: The number x of stereo speakers people are willing to buy per week from a retail chain at a price of $p is given by \(x=1000-60\sqrt{p+25}\), for \(20\le p\le 100\).

  1. Find \(\frac{dx}{dp}\)
  2. Find the demand and the instantaneous rate of change of the demand with respect to price, when price is $75. Write a brief verbal interpretation of these results.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

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