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Consider a linear equation of price per acre against lot size in acre, with a slope of -471.52 and y-intercept of 7,593.3. An 8 acre
Consider a linear equation of price per acre against lot size in acre, with a slope of -471.52 and y-intercept of 7,593.3. An 8 acre comparable sale plotted on the graph shows price per acre of $3,800. If the subject size is 6 acres, what is its indicated price per acre (rounded to nearest $100)? Please show your solution.
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