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

Algebra ->  Linear-equations -> 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      Log On


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
7=-x^2+16
-x^2=-9
x=3
3000 units