document.write( "Question 1163163: The demand for a certain product depends on the price. When the price is £10, £15 and £30, the demand is 3800, 1000, and 2800 units respectively.
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document.write( "(i) Determine the equation for the demand function.
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document.write( "(ii) What quantity will be demanded at a price of £25? \n" );
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Algebra.Com's Answer #787164 by ikleyn(52798)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "The demand for a certain product depends on the price. When the price is £10, £15 and £30, \n" ); document.write( "the demand is 3800, 1000, and 2800 units respectively. \n" ); document.write( "(i) Determine the equation for the demand function. \n" ); document.write( "(ii) What quantity will be demanded at a price of £25? \n" ); document.write( "~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " Hey, I am not a professional/specialist in finance/economics/production,\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " but regarding this problem, I can not keep myself from asking a question.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "So, at the price of £10, people are ready to buy 3800 items.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "If the price is slightly higher at £15, people are ready to buy only 1000 items, which is less and logical.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "But when the price grows to £30, people want to buy MORE ?\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Is it logical ? Or, in opposite, ILLOGICAL ?\r\n" ); document.write( "\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |