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The demand model for a certain product is given below, where p represents the price of the product, and y represents the number of units in demand. Interpret the slope. y = 4,50…

The demand model for a certain product is given below, where p represents the price of the product, and y represents the number of units in demand. Interpret the slope. y = 4,50…
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The demand model for a certain product is given below, where p represents the price of the product, and y represents the number of units in demand. Interpret the slope. y = 4,500 - 450p

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User Shri Hari L
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1 Answer

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A. For each dollar the price increases, demand decreases by 450 units.
answered
User Victor Nicollet
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