Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,500 when the price is $5.50 each but that the demand is 3,700 when the price is $5.26 each. Assuming that the demand function is linear, write its equation. Use p for price (in dollars) and q for quantity.
Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,500 when the price is $5.50 each but that the demand is 3,700 when the price is $5.26 each. Assuming that the demand function is linear, write its equation. Use p for price (in dollars) and q for quantity.
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 5ECP
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Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,500 when the price is $5.50 each but that the demand is 3,700 when the price is $5.26 each. Assuming that the demand function is linear, write its equation. Use p for price (in dollars) and q for quantity.
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