A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $9 the average attendance has been 24000. When the price dropped to $5, the average attendance rose to 27000. Find a demand function D(q)D(q), where qq is the quantity/number of the spectators. (Assume D(q)D(q) is linear)
A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $9 the average attendance has been 24000. When the price dropped to $5, the average attendance rose to 27000. Find a demand function D(q)D(q), where qq is the quantity/number of the spectators. (Assume D(q)D(q) is linear)
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $9 the average attendance has been 24000. When the price dropped to $5, the average attendance rose to 27000. Find a demand function D(q)D(q), where qq is the quantity/number of the spectators. (Assume D(q)D(q) is linear)
D(q)=D(q)= (For best results, keep answers in fraction form, not decimals)
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