Two points on a linear demand function are ($24, 60,000) and ($32, 44,400). a) Determine the demand function q = f (p). b) Determine what price would result in demand of 80,000 units. c) Interpret the...


Two points on a linear demand function are ($24, 60,000) and ($32, 44,400).


a) Determine the demand function q = f (p).


b) Determine what price would result in demand of 80,000 units.


c) Interpret the slope of the function.


d) Define the restricted domain and range for the function.



Jun 05, 2022
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