Suppose that the consumers’ demand function for a certain commodity is D(q) = 50 - 3q - q2 dollars p
Question: Suppose that the consumers’ demand function for a certain commodity is D(q) = 50 – 3q – q2 dollars per unit.
a. Find the number of units that will be bought if the market price is $32 per unit
b. Compute the consumers’ willingness to spend to get the number of units in part (a).
Price: $2.99
Answer: The solution consists of 1 page
Deliverable: Word Document
Deliverable: Word Document
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