## Question

###### The demand function for certain product is determined by the fact that the product of the price and the quantity demanded equals 5000. The product currently sells for $2.70 per unit Suppose manufacturing costs are increasing over time at rate of 13% and the company plans to increase the price at this rate as well. Find the rate of change of demand over time_Find the demand function represented in this problem where is the price of the product and is the quantity demanded for the product(Type an

The demand function for certain product is determined by the fact that the product of the price and the quantity demanded equals 5000. The product currently sells for $2.70 per unit Suppose manufacturing costs are increasing over time at rate of 13% and the company plans to increase the price at this rate as well. Find the rate of change of demand over time_ Find the demand function represented in this problem where is the price of the product and is the quantity demanded for the product (Type an equation )

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