Step 1 :Given the demand function $D=0.007 p^{3}-0.5 p^{2}+130 p$, where $p$ is the price in dollars.
Step 2 :We are asked to find the rate of change of quantity with respect to price, $\frac{d D}{d p}$.
Step 3 :We can solve this by applying the power rule for differentiation, which states that the derivative of $x^n$ is $n*x^{n-1}$.
Step 4 :Applying the power rule to each term in the function, we get $\frac{d D}{d p} = 0.021*p^{2} - 1.0*p + 130$.
Step 5 :Final Answer: The rate of change of quantity with respect to price, $\frac{d D}{d p}$, is $\boxed{0.021p^{2} - 1.0p + 130}$.