Business, 11.02.2020 18:02, friskowale

A real estate office manages an apartment complex with 50 units. When the rent is $760 per month, all 50 units are occupied. However, when the rent is $799, the average number of occupied units drops to 47. Assume that the relationship between the monthly rent p and the demand x is linear. (Note: the term demand refers to the number of occupied units.)(a) Write a linear equation giving the demand x in terms of the rent p. x(p) = .(b) Use a graphing utility to graph the demand equation and use the trace feature to predict the number of units occupied if the rent is raised to $835. units(c) Predict the number of units occupied if the rent is lowered to $802. Verify graphically. units

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A real estate office manages an apartment complex with 50 units. When the rent is $760 per month, al...