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30-11-2022
Mathematics

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A manufacturer determined that when the price of a new phone is $500, the demand is 800,000 handsets. For every $10 price increase, the demand drops by 2%. Suppose it costs $200 to produce a phone. (s) Find the demand function in the form q =C ekx, where x is the number of $10 increases, and q is the demand.

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