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Suppose the demand curve for a product is given by q = 300 - 2p. What is the demand when the price is 4?

User Wutzebaer
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1 Answer

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Final answer:

To calculate the demand using the given equation, substitute the price into the equation to find that at a price of 4, the demand is 292 units.

Step-by-step explanation:

To find the demand when the price is 4 using the demand curve equation q = 300 - 2p, simply substitute the price (p) with 4:

q = 300 - 2(4)

q = 300 - 8

q = 292

So, the demand is 292 units when the price is 4.

User Sherwin F
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