Question

Suppose that the market demand for landscaping services is given by the following equation:Qd = 479 - 3Pwhere Qd is the quantity of residential landscape cleanings per week that people in the local area would be willing to purchase at a monthly price of P dollars.What is the quantity demanded at a price of 39 dollars per month?

Answer 1

Answer:

Explanation:

Given:

Qd = 479 - 3P

where:

Qd = the quantity of residential landscape cleanings per week that people in the local area would be willing to purchase

P = monthly price in dollars

We plug in the given price of 39 dollars per month into Qd = 479 - 3P. So,

$\begin{gathered} Qd=\text{ 479-3p} \\ =479-3(39) \\ \text{Simplify} \\ =479-117 \\ Qd=362 \end{gathered}$

Therefore, the quantity demanded at a price of 39 dollars per month is 362.