Computing the number of units demanded

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Reference no: EM131773791

Question: Consumer expenditure The consumer expenditure for a commodity is the product of its market price, p, and the number of units demanded. Suppose that for a certain commodity, the consumer expenditure is given by

10,000p - 100p²

(a) Factor this in order to find an expression for the number of units demanded.

(b) Use (a) to find the number of units demanded when the market price is $38.

Reference no: EM131773791

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