The demand function q=f(p)

for a product is quadratic. Three points which lie on the demand function are (5,1600), (10,900) and (20,100); where $p$ is the price per unit and $q$ is the quantity demanded. Using any matrix method, find an equation for the demand function q=ap2+bp+c

.

Question 2Answer

a.

q=4p2+200pāˆ’2500

b.

q=āˆ’4p2+200p+2500

c.

q=4p2+200p+2500

d.

q=4p2āˆ’200p+2500

asked by guest
on Oct 21, 2024 at 1:16 am



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