A cosmetic company is planning the introduction and promotion of a new lipstick line. The marketing research department, after test marketing the new line in a carefully selected large city, found that the demand in that city is given approximately by p=10−x 0≤x≤2, where x thousand lipsticks were sold per week at a price of $ each.
Find the rate of change of price with respect to demand when weekly demand is 800 lipsticks and interpret the result
Find the rate of change of price with respect to demand when weekly demand is 800 lipsticks and interpret the result