The price-demand equation for gasoline is 0.3d + 4p = 80, where p is the price per gallon in dollars and d is the daily demand measured in millions of gallons. Write the demand d as a function of price What is the demand if the price is $ 8 per gallon?

The demand d as a function of price is

The demand if the price is $ 8 per gallon is 160 millions of gallons.

Step-by-step explanation:

You know that the price-demand equation for gasoline is 0.3d + 4p = 80

To write demand d as a function of price p, you must solve for or isolate demand d, remembering that:

So:

0.3d + 4p = 80

0.3d = 80 - 4p

The demand d as a function of price is

To determine how much is the quantity demanded if the price is $ 8 per gallon, you simply plug that value into the previously determined expression and perform the corresponding calculations:

d= 160

The demand if the price is $ 8 per gallon is 160 millions of gallons.

step-by-step explanation:

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