document.write( "Question 900809: A South African country exports gold and estimates the demand function to be D(p)=400√2600-p. If the country wants to raise revenues to improve the balance of payments, should it raise or lower the price from the present level of $1600 per ounce?\r
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Algebra.Com's Answer #546236 by MathTherapy(10552)\"\" \"About 
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\n" ); document.write( "\n" ); document.write( "A South African country exports gold and estimates the demand function to be D(p)=400√2600-p. If the country wants to raise revenues to improve the balance of payments, should it raise or lower the price from the present level of $1600 per ounce?\r
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document.write( "\"highlight%28D%28p%29+=+400sqrt%282600+-+p%29%29\"\r
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document.write( "Based on the demand equation/function, and a price of $1,600, per oz, the demand for gold would be:
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document.write( "\"highlight_green%28highlight_green%2812649.11%29%29\" oz, with revenues of approximately $M\"highlight_green%28highlight_green%2820.24%29%29\". \r
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document.write( "Based on the demand equation/function, and a $100, per oz price INCREASE, to $1,700, per oz, the demand
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document.write( "for gold would be: \"highlight_green%28highlight_green%2812000%29%29\" oz, with revenues of $M\"highlight_green%28highlight_green%2820.4%29%29\"\r
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document.write( "Based on the demand equation/function, and a $100, per oz price REDUCTION, to $1,500, per oz, the demand
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document.write( "for gold would be: \"highlight_green%28highlight_green%2813266.49916%29%29\" oz, with revenues of approximately $M\"highlight_green%28highlight_green%2819.9%29%29\". \r
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document.write( "It is quite obvious that in this situation, and most similar ones, the cheaper the price, the higher the demand.
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document.write( "However, in this case, an INCREASE in price, which leads to a lower demand would DEFINITELY garner higher revenues.
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document.write( "Thus, the price should be INCREASED. \n" );
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