10-11) Panera Bread CEO finds that when the price for a bagel is $4.5, they can sell 100 bagels a day. If the price increases by $0.50 per bagel, the quantity of bagels demanded drops by 10 bagels. Write down the equation of the demand curve, assuming that the demand curve for bagels is linear. Assume the Q is the quantity of bagels and P is the price per bagel.
10-11) Panera Bread CEO finds that when the price for a bagel is $4.5, they can sell 100 bagels a day. If the price increases by $0.50 per bagel, the quantity of bagels demanded drops by 10 bagels. Write down the equation of the demand curve, assuming that the demand curve for bagels is linear. Assume the Q is the quantity of bagels and P is the price per bagel.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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10-11) Panera Bread CEO finds that when the price for a bagel is $4.5,
they can sell 100 bagels a day. If the price increases by $0.50 per bagel,
the quantity of bagels demanded drops by 10 bagels. Write down the
equation of the demand curve, assuming that the demand curve for
bagels is linear. Assume the Q is the quantity of bagels and P is the price
per bagel.
Your answer: Q=______(10)__________(11)_____ _P.
In the box below, input your answer for
(11)______
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