At a price of $3.50 per scoop, the supply of ice cream is 2,100 scoops and the demand is 2,500 scoops. At a price of $5.00 per scoop, the supply is 2,600 scoops and the demand is 1,900 scoops. Find the price-demand equation p=mx+b where p is the price per scoop and x is the number of scoops demanded.
At a price of $3.50 per scoop, the supply of ice cream is 2,100 scoops and the demand is 2,500 scoops. At a price of $5.00 per scoop, the supply is 2,600 scoops and the demand is 1,900 scoops. Find the price-demand equation p=mx+b where p is the price per scoop and x is the number of scoops demanded.
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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At a price of $3.50 per scoop, the supply of ice cream is 2,100 scoops and the demand is 2,500 scoops. At a price of $5.00 per scoop, the supply is 2,600 scoops and the demand is 1,900 scoops.
Find the price-demand equation p=mx+b where p is the price per scoop and x is the number of scoops demanded.
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