The daily demand of a specific type of fuel at a gas station can be described by the function x(v) = a - bv^2. In this equation, v represents the price per liter of fuel, and x(v) represents the corresponding demand in liters and the symbol “^” represents the POWER function. The function x(v) exhibits the following properties:
We have the following information:
At a price of €3 per liter, the demand is 810 liters per day.
At a price of €4 per liter, the demand is 530 liters per day.
To determine the price per liter of fuel that would result in a demand of 900 liters per day, we need to solve for v.
