A real estate office handles an apartment complex with 50 units. When the rent per unit is $580 per month,…
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. (a) write the equation of the line giving the demand x in terms of the rent p.
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