A company that makes sweatshirts finds that the monthly demand is modeled by the equation qD = –8p + 500 where p is the price, in dollars, of a sweatshirt.  What is the correct interpretation of the slope of this demand function qD? A.For every $8 decrease in price, they sell 1 less sweatshirt. B.For every $1 increase in price, they sell 8 fewer sweatshirts. C.For every $1 decrease in price, they sell 8 fewer sweatshirts. D.For every $1 increase in price, they sell 8 more sweatshirts. E. For every $8 increase in price, they sell 1 less sweatshirt.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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A company that makes sweatshirts finds that the monthly demand is modeled by the equation qD = –8p + 500 where p is the price, in dollars, of a sweatshirt.  What is the correct interpretation of the slope of this demand function qD?

  • A.For every $8 decrease in price, they sell 1 less sweatshirt.
  • B.For every $1 increase in price, they sell 8 fewer sweatshirts.
  • C.For every $1 decrease in price, they sell 8 fewer sweatshirts.
  • D.For every $1 increase in price, they sell 8 more sweatshirts.
  • E. For every $8 increase in price, they sell 1 less sweatshirt.
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