6 A national retailer attempts to determine a demand curve

Last updated: 5/4/2023

6 A national retailer attempts to determine a demand curve for a new product by selling it in different regions of the country for different prices The resulting data is shown in the table below Price Annual Demand 10 000 population 2 00 2 50 3 00 3 50 4 00 The Vice President of Exponential Modeling determines that the demand can be modeled by the function D p 1990 e 1 075p where p is the price in dollars and D p is the annual demand per 10 000 population Use the model equation to estimate the demand if the price is set at 2 8 232 135 79 46 27