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Suppose consumers will demand 60 units of a product when the price is $15.30 per unit and 35 units when the price is $19.30 each.
Suppose consumers will demand 60 units of a product when the price is $15.30 per unit and 35 units when the price is $19.30 each. Find the demand equation, assuming that it is linear. a) Find the demand equation for the product, assuming that it is linear. b) Find the quantity demanded when the price is $16.30 each. 4/7 c) Find the price if the quantity demanded is 50 units
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