Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation p=D(q) = 16-1.25q where p is the price (in dollars) and q is the quantity demanded (in hundreds). Find the price at each level of demand. Answ a. Find the price when the demand is 0 watches. The price when the demand is 0 watches is $ 16 b. Find the price when the demand is 400 watches. The price when the demand is 400 watches is $

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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### Demand and Price Relationship for Youth Wristwatch

Use the information listed below to solve parts a through h.

---

**Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation:**

\[ p = D(q) = 16 - 1.25q \]

Where:
- \( p \) is the price (in dollars)
- \( q \) is the quantity demanded (in hundreds)

Find the price at each level of demand. Answer the following questions:

### a. Finding the Price when Demand is 0 Watches

**The price when the demand is 0 watches is $ \mathbf{16} **.

### b. Finding the Price when Demand is 400 Watches

**The price when the demand is 400 watches is $ \square **.

---

Note: Parts c through h are not provided in the image and should be completed based on further given data or calculations.
Transcribed Image Text:### Demand and Price Relationship for Youth Wristwatch Use the information listed below to solve parts a through h. --- **Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation:** \[ p = D(q) = 16 - 1.25q \] Where: - \( p \) is the price (in dollars) - \( q \) is the quantity demanded (in hundreds) Find the price at each level of demand. Answer the following questions: ### a. Finding the Price when Demand is 0 Watches **The price when the demand is 0 watches is $ \mathbf{16} **. ### b. Finding the Price when Demand is 400 Watches **The price when the demand is 400 watches is $ \square **. --- Note: Parts c through h are not provided in the image and should be completed based on further given data or calculations.
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