The following table shows actual and projected worldwide annual sales and average selling prices of a certain type of smartphone in 2020 and 2024. q(p) Year = 2020 Selling Price ($) Sales (millions) 400 600 2024 350 (a) Use the data to obtain a linear demand function for this type of cell phone. (Let p be the price, and let q be the demand). 950 X Use your demand equation to predict sales (in millions) if the price is lowered to $300. million phones (b) Fill in the blank. For every $1 increase in price, sales of this type of cell phone decrease by million units.

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Chapter2: Second-order Linear Odes
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The following table shows actual and projected worldwide annual sales and average selling prices of a certain type of
smartphone in 2020 and 2024.
Year
2020 2024
Selling Price ($)
Sales (millions) 400
600
350
950
(a) Use the data to obtain a linear demand function for this type of cell phone. (Let p be the price, and let q be the
demand).
q(p) =
X
Use your demand equation to predict sales (in millions) if the price is lowered to $300.
million phones
(b) Fill in the blank.
For every $1 increase in price, sales of this type of cell phone decrease by
million units.
Transcribed Image Text:The following table shows actual and projected worldwide annual sales and average selling prices of a certain type of smartphone in 2020 and 2024. Year 2020 2024 Selling Price ($) Sales (millions) 400 600 350 950 (a) Use the data to obtain a linear demand function for this type of cell phone. (Let p be the price, and let q be the demand). q(p) = X Use your demand equation to predict sales (in millions) if the price is lowered to $300. million phones (b) Fill in the blank. For every $1 increase in price, sales of this type of cell phone decrease by million units.
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