Question

The demand function is D = 50 - p. When the price is 10, the demand is

Answer 1

Answer:

D = 50 - p

where is p stand for price.

p value is 10 ,

therefore

D =50 -p

= 50 - 10 = 40

D = 40

Answer 2

The demand is 40

Given :

The demand function is D = 50 - p

To find :

The demand when the price is 10

Solution :

Step 1 of 2 :

Write down the given demand function

Here the given demand function is

D = 50 - p

Step 2 of 2 :

Calculate the demand when the price is 10

D = 50 - p

When the price is 10

∴ p = 10

For p = 10 we have

D = 50 - 10 = 40

Hence the demand is 40

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