Albertson's found that the demand for Coke products varies inversely as the price of the product. When the price of a Coke product is $2.75, the weekly demand is 1250. Find the weekly demand if the price is raised to $4.00.

859

Step-by-step explanation:

The demand for Coke products varies inversely as the price of Cole products.

Mathematically:

D α 1/p

Where D = demand, p = price of coke product

D = k/p

Where k = constant of proportionality.

Let us find k.

k = D * p

When Demand, D, is 1250, price, p, is $2.75:

=> k = 1250 * 2.75

k = $3437.5

Now, when price, p, is $4, the demand will be:

D = 3437.5/4

D = 859.375 = 859 (rounding to whole number)

The demand for the product is 859 when the price is $4.