SOLUTION: Demand equation. Helen’s Health Foods usually sells 400 cans of ProPac Muscle Punch per week when the price is $5 per can. After experimenting with prices for some time, Helen has
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Question 179330: Demand equation. Helen’s Health Foods usually sells 400 cans of ProPac Muscle Punch per week when the price is $5 per can. After experimenting with prices for some time, Helen has determined that the weekly demand can be found by using the equation d = 600 - 40p, where d is the number of cans and p is the price per can.
a) Will Helen sell more or less Muscle Punch if she raises her price from $5?
b) What happens to her sales every time she raises her price by $1?
Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!
Demand equation. Helen’s Health Foods usually sells 400 cans of ProPac Muscle Punch per week when the price is $5 per can. After experimenting with prices for some time, Helen has determined that the weekly demand can be found by using the equation d = 600 - 40p, where d is the number of cans and p is the price per can.
a) Will Helen sell more or less Muscle Punch if she raises her price from $5?
b) What happens to her sales every time she raises her price by $1?
:
:
a)---->---> or
:
so the number of cans sold will be equal or more as long as the price isnt raised by more than 5 dollars any price raise above 5 will produce less cans sold
:
b)every time she raises the price by one dollar the amount of cans sold falls by 40 cans
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