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    Exam 11: Limits and Continuity
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    The Demand Function for a Certain Product Is Given By
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The Demand Function for a Certain Product Is Given By

Question 145

Question 145

Essay

The demand function for a certain product is given by: p = 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?
,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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