The demand function for a product is modeled by :
p=10,000(1-(3/3+e^-0.001x)
Find the price of the product if the quantity demanded is (a) x=1000 units and (b) x=1500 units. What is the limit of the price as x increases without bound?
p=10,000(1-(3/3+e^-0.001x)
Find the price of the product if the quantity demanded is (a) x=1000 units and (b) x=1500 units. What is the limit of the price as x increases without bound?