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The Demand Equation for the Sicard Wristwatch Is Given by

Question 1

Multiple Choice

The demand equation for the Sicard wristwatch is given by The demand equation for the Sicard wristwatch is given by   , where x (measured in units of a thousand)  is the quantity demanded each week and p is the unit price in dollars.Find the rate of change of the quantity demanded of the wristwatches with respect to the unit price when the unit price is $60.Round your answer to the nearest whole number. A) - 634 wristwatches/(dollar price increase)  B) - 1,358 wristwatches/(dollar price increase)  C) - 917 wristwatches/(dollar price increase)  D) - 417 wristwatches/(dollar price increase) , where x (measured in units of a thousand) is the quantity demanded each week and p is the unit price in dollars.Find the rate of change of the quantity demanded of the wristwatches with respect to the unit price when the unit price is $60.Round your answer to the nearest whole number.


A) - 634 wristwatches/(dollar price increase)
B) - 1,358 wristwatches/(dollar price increase)
C) - 917 wristwatches/(dollar price increase)
D) - 417 wristwatches/(dollar price increase)

Correct Answer:

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