At a unit price of $350, the quantity demanded of a certain commodity is 79 pounds. If the unit price increases to $720, the quantity demanded decreases by 37 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
At a unit price of $350, the quantity demanded of a certain commodity is 79 pounds. If the unit price increases to $720, the quantity demanded decreases by 37 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
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CT: Test
Problem 19CT
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At a unit price of $350, the quantity demanded of a certain commodity is 79 pounds. If the unit price increases to $720, the quantity demanded decreases by 37 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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