|
A real estate office handles an apartment complex with 50 units. When the...
...rent per unit is $580 per month, all? (a) Write the equation of the line giving the demand x in terms of the rent p.
(b) Use a graphing utility to graph the demand equation and use the trace feature to estimate the number of units occupied when the rent is $670. Verify your answer algebraically.
(c) Use the demand equation to predict the number of units occupied when the rent is lowered to $610. Verify your answer graphically.
A real estate office handles an apartment complex with 50 units. When the rent per unit is $580 per month, all 50 units are occupied. However, when the rent is $625 per month, the average number of occupied units drops to 47. Assume that the relationship between the monthly rent p and the demand x is linear.
__________________
Powered by Yahoo! Answers
|