Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 250 - .25p + 4pc,where Q is the quantity of DVRs demanded (in 1000s) ,p is the price of a DVR,and pc is the price of cable television.How much of a change in p must occur for Q to increase by one?
A) fall by 25¢
B) fall by $4
C) increase by 25¢
D) fall by $4.25
Correct Answer:
Verified
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