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Nitrogen prices. During 2001, nitrogen prices fell by 41%. Over the same year, nitrogen demand went up by 12%. (Source: Chemical week.)
a. Assuming a linear change in demand, find the demand function,
b. As a percentage of the January 2001 price, what should the price of nitrogen be to maximize revenue?
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Pearson eText Calculus and Its Applications, Brief Edition -- Instant Access (Pearson+)
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