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Price per bag Demand (bags sold per month) $22 250 $23 200 a. Find a linear model demand: (d) is the independent variable and price per bag (p) is the dependent variable. i.e. it will be in the form p = m*d + b b. How much should you charge for a bag of dog food if you want the monthly demand to increase to 450 bags per month? C. Suppose the demand for a particular month was 50 bags. What was the price that month?

Price per bag Demand (bags sold per month) $22 250 $23 200 a. Find a linear model demand: (d) is the independent variable and price per bag (p) is the dependent variable. i.e. it will be in the form p = m*d + b b. How much should you charge for a bag of dog food if you want the monthly demand to increase to 450 bags per month? C. Suppose the demand for a particular month was 50 bags. What was the price that month?

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The following chart shows monthly sales figures for dog food when bags are priced at two different levels. Please answer a-c

### Linear Demand Model Exercise #### Data Table: - **Price per bag**: - $22 - $23 - **Demand (bags sold per month)**: - 250 - 200 #### Questions: **a.** Find a linear model for demand: \(d\) is the independent variable and price per bag \(p\) is the dependent variable. The equation will be in the form \( p = m \cdot d + b \). **b.** How much should you charge for a bag of dog food if you want the monthly demand to increase to 450 bags per month? **c.** Suppose the demand for a particular month was 50 bags. What was the price that month?
Transcribed Image Text:### Linear Demand Model Exercise #### Data Table: - **Price per bag**: - $22 - $23 - **Demand (bags sold per month)**: - 250 - 200 #### Questions: **a.** Find a linear model for demand: \(d\) is the independent variable and price per bag \(p\) is the dependent variable. The equation will be in the form \( p = m \cdot d + b \). **b.** How much should you charge for a bag of dog food if you want the monthly demand to increase to 450 bags per month? **c.** Suppose the demand for a particular month was 50 bags. What was the price that month?
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