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A real estate office handles an apartment complex with 60 units. When the rent per unit is $98 per month, all 60 units are occupied. However, when the rent is $630 per month, the average number of occupied units drops to 46. Assume that the relationship between the monthly rent p and the demand x is linear. Select the equation of the line giving the demand x in terms of the rent p. x =-38p + 62.58 х%3D 14р + 62.58 х%3 —38р - 62.58 x = 532p + 62.58 p + 62.58 x =

A real estate office handles an apartment complex with 60 units. When the rent per unit is $98 per month, all 60 units are occupied. However, when the rent is $630 per month, the average number of occupied units drops to 46. Assume that the relationship between the monthly rent p and the demand x is linear. Select the equation of the line giving the demand x in terms of the rent p. x =-38p + 62.58 х%3D 14р + 62.58 х%3 —38р - 62.58 x = 532p + 62.58 p + 62.58 x =

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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A real estate office handles an apartment complex with 60 units. When the rent per unit is $98 per month, all 60 units are occupied. However, when the rent is $630 per month, the average number of occupied units drops to 46. Assume that the relationship between the monthly rent p and the demand x is linear. Select the equation of the line giving the demand x in terms of the rent p. x =-38p + 62.58 X = = 14p + 62.58 х%3 —38р — 62.58 x = 532p + 62.58 x = - 38 + 62.58
Transcribed Image Text:A real estate office handles an apartment complex with 60 units. When the rent per unit is $98 per month, all 60 units are occupied. However, when the rent is $630 per month, the average number of occupied units drops to 46. Assume that the relationship between the monthly rent p and the demand x is linear. Select the equation of the line giving the demand x in terms of the rent p. x =-38p + 62.58 X = = 14p + 62.58 х%3 —38р — 62.58 x = 532p + 62.58 x = - 38 + 62.58
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