Essay
The demand function for a certain product is given by: p = 
,where p is the price and q is the quantity demanded.
(a)Find the values of q for which p > 0.
(b)Find the values of q for which p < 0.
(c)What do the results of (a)and (b)mean and why does this make sense?
Correct Answer:
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(a)p > 0 for all values of q
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(...
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