Question
The demand for ceiling fans can be modeled below as D(p) 25.52(0.996P) thousand ceiling fans where p is the price (in dollars) of a ceiling fan (a) According to the model, is there a price above whic...
The demand for ceiling fans can be modeled below as D(p) 25.52(0.996P) thousand ceiling fans where p is the price (in dollars) of a ceiling fan (a) According to the model, is there a price above which consumers will no longer purchase fans? Explain why or why not. ▼ the horizontal axis. Therefore there l above which consumers will not purchase a ceiling fan The model is exponential and ' Select-- -Select- (b) Calculate the amount that consumers are willing and able to spend to purchase 19 thousand ceiling fans. (Round your answer to three decimal places.) thousand c) How many fans will consumers purchase when the market price is $100? (Round your answer to three decimal places.) thousand fans (d) Find the consumers' surplus when the market price is $100. (Round your answer to three decimal places.) thousand
Answers
Solution Consido de demand runciễn 25.52 (0.998) İhousand alling Long aaside al ing Pang Housa b (P) 25.52 (o- coss ha P-axis and Psice. doe but Aot d is exPonenkial a/,d Hena ,the demand CamScanner(2 19 25.52 .996 25.52 in (o. 996 P- 13.688 To find the num of fans , Svbalitule Ptloo in d (p Scanned w CamSdooner 10c ->の3 too Scanned with CamScanner
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