Question

The demand function for a product is given by

p = 10,000(1 − (5/5 + e^−0.001x))

where p is the price per unit (in dollars) and x is the number of units sold. Find the numbers of units sold for prices of p = $1000 and p = $1500.(Round your answers to the nearest integer.)

(a) p = $1000____
(b) p = $1500____

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