The following table shows worldwide sales of a certain type of cell phone and their average wholesale prices in 2009 and 2010. Q1 Q1 2010 Quarter 2009 Wholesale Price ($) 170 160 Sales (millions)| 182 221 (a) Use the data to obtain a linear demand function for cell phones. q(p) = Use your demand equation to predict sales to the nearest million phones if the price was set at $163. (Round your answer to the nearest million phones.) million phones (b) Fill in the blank. For every $1 increase in price, sales of cell phones decrease by million units.

The following table shows worldwide sales of a certain type of cell phone and their average wholesale prices in 2009 and 2010. Q1 Q1 2010 Quarter 2009 Wholesale Price ($) 170 160 Sales (millions)| 182 221 (a) Use the data to obtain a linear demand function for cell phones. q(p) = Use your demand equation to predict sales to the nearest million phones if the price was set at $163. (Round your answer to the nearest million phones.) million phones (b) Fill in the blank. For every $1 increase in price, sales of cell phones decrease by million units.

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 ________.

See similar textbooks