SOLUTION: Consider the demand equation where x represents the quantity demanded in units of a thousand and p is the unit price in dollars.
p = −x^2 + 16
Determine the quantity de
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Question 1065881: Consider the demand equation where x represents the quantity demanded in units of a thousand and p is the unit price in dollars.
p = −x^2 + 16
Determine the quantity demanded when the unit price is set at p = $7
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
7=-x^2+16
-x^2=-9
x=3
3000 units
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