At a unit price of $660, the quantity demanded of a certain commodity is 76 pounds. If the unit price increases to $720, the quantity demanded decreases by 12 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. 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 $660, the quantity demanded of a certain commodity is 76 pounds. If the unit price increases to $720, the quantity demanded decreases by 12 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. 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?
Chapter6: Systems Of Equations And Inequalities
Section6.5: Systems Of Inequalities
Problem 8ECP: The demand and supply equations for a flat-screen television are...
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At a unit price of $660, the quantity demanded of a certain commodity is 76 pounds. If the unit price increases to $720, the quantity demanded decreases by 12 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.
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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