The number of retro portable CD players you are prepared to supply to a retail outlet every week is given by the formula: q=0.1p2+3pq=0.1p2+3p Where p is the price the retail outlet offers you. The retail outlet is currently offering you $40 per CD player. If the price they offer decreases at a rate of $2 per week, specifically describe how will this affect the number you supply to them?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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The number of retro portable CD players you are prepared to supply to a retail outlet every week is given by the formula:

q=0.1p2+3pq=0.1p2+3p

Where p is the price the retail outlet offers you. The retail outlet is currently offering you $40 per CD player. If the price they offer decreases at a rate of $2 per week, specifically describe how will this affect the number you supply to them?

 

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