If the quantity of men's hat demanded per week is represented by the function Qd=20-\(\frac{1}{3}\)P, where P is price, how many hats are demanded when the ...

If the quantity of men's hat demanded per week is represented by the function Qd=20-\(\frac{1}{3}\)P, where P is price, how many hats are demanded when the price is $9.00?

Answer Details

To find out how many hats are demanded when the price is $9.00, we can substitute P = $9.00 into the given demand function Qd = 20 - (1/3)P and solve for Qd. Qd = 20 - (1/3)($9.00) Qd = 20 - $3.00 Qd = $17.00 Therefore, when the price of a men's hat is $9.00, the quantity demanded is 17 hats per week.