Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars/carton) is related to the weekly supply x (in thousands of cartons) by the equation . If 23,000 cartons of eggs are available at the beginning of a certain week and the supply is falling at the rate of 800 cartons/week, at what rate is the wholesale price changing? (Hint: To find the value of p when
, solve the supply equation for p when
) .
A) Increasing at the rate of
B) Increasing at the rate of
C) Dropping at the rate of
D) Dropping at the rate of
E) Dropping at the rate of
Correct Answer:
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