At a price of $40 per item, 120 items are demanded by consumers, but at a price of $70 per item, only 45 items are demanded. Find the linear demand function, p(x), for this item. Enter your answer in slope-intercept form, using exact numbers. 5 2x+220 x p(x) =

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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At a price of $40 per item, 120 items are demanded by consumers, but at a price of $70 per item, only 45 items are demanded.
Find the linear demand function, p(x), for this item. Enter your answer in slope-intercept form, using exact numbers.
p(x) =
=
5
2x
x + 220
Transcribed Image Text:At a price of $40 per item, 120 items are demanded by consumers, but at a price of $70 per item, only 45 items are demanded. Find the linear demand function, p(x), for this item. Enter your answer in slope-intercept form, using exact numbers. p(x) = = 5 2x x + 220
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