x= chronological order of the second letter in your first name y = is the last digit of your student number; example, 5 in 20xx-12345. (a) DEMAND RATE When the price of a certain commodity is p dollars per unit, customers demand x hundred units of the commodity, where *+ 3px + p? = 79. How fast is the demand x changing with respect to time when the price is $5 per unit and is decreasing at the rate of 30 cents per month?
x= chronological order of the second letter in your first name y = is the last digit of your student number; example, 5 in 20xx-12345. (a) DEMAND RATE When the price of a certain commodity is p dollars per unit, customers demand x hundred units of the commodity, where *+ 3px + p? = 79. How fast is the demand x changing with respect to time when the price is $5 per unit and is decreasing at the rate of 30 cents per month?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Answer a and b
X = 10
Y = 19
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