At a unit price of $710, the quantity demanded of a certain commodity is 74 pounds. If the unit price increases to $830, the quantity demanded decreases by 24 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. -how do I work this problem?
Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
At a unit price of $710, the quantity demanded of a certain commodity is 74 pounds. If the unit price increases to $830, the quantity demanded decreases by 24 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. -how do I work this problem?
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