The demand is decreasing at the rate of 2units per week.
Given the price p (in dollars) and the demand x (in thousands of units) of a commodity satisfy the demand equation 6p+x+xp=94
Differentiating the function with respect to time will result in;
[tex]6\frac{dp}{dt}+\frac{dx}{dt} + x \frac{dp}{dt} + p\frac{dx}{dt} = 0[/tex]
Given the following paramters
p = $6
dp/dt = $2/wk
Substitute the given parameters into the formula to have:
[tex]6(2)+\frac{dx}{dt} + 2x + 9\frac{dx}{dt} = 0[/tex]
To get the demand x, we will simply substitute p = 9 into the expression to have:
6(9)+x+9x=94
10x+54 = 94
10x = 94 - 54
10x = 40
x = 4
Substitute x = 4 into the derivative to have:
[tex]6(2)+\frac{dx}{dt} + 2x + 9\frac{dx}{dt} = 0\\6(2)+\frac{dx}{dt} + 2(4) + 9\frac{dx}{dt} = 0\\6(2)+\frac{dx}{dt} + 8 + 9\frac{dx}{dt} = 0\\20 + 10\frac{dx}{dt} =0\\10\frac{dx}{dt} =-20\\\frac{dx}{dt} =\frac{-20}{10}\\\frac{dx}{dt} =-\$2/wk[/tex]
Hence the demand is decreasing at the rate of 2units per week.
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