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Asked Feb 3, 2020
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At a unit price of $340, the quantity demanded of a certain commodity is 80 pounds. If the unit price increases to $560, the quantity demanded decreases by 22 pounds. Find the demand equation (assuming it is linear) where p is the unit price and x is the quantity demanded for this commodity in pounds.

p=

At what price are no consumers willing to buy this commodity?

 

According to the above model, how many pounds of this commodity would consumers take if it was free?

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