Question

The demand for a product is given by the following equation: D(p) = (1000/1 √p) - 1

What is the average rate of change of demand when p increases within the following values?

(a)    4 to 25


(b)    25 to 100

Answer 1

we are given

Firstly, we can find demand values at different prices:

(a)

now, we can use average rate of change formula

now, we can plug values

..........Answer

(B)

now, we can use average rate of change formula

now, we can plug values

..........Answer