Consumer Awareness A real estate office handles an apartment complex with 50 units. When
Chapter 1, Problem 92(choose chapter or problem)
Consumer Awareness A real estate office handles an apartment complex with 50 units. When the rent is $480 per month,all 50 units are occupied. When the rent is $525, however, the average number of occupied units drops to 47. Assume that the relationship between the monthly rent and the demand is linear. (The term demand refers to the number of occupied units.) (a) Write a linear equation expressing in terms of (b) Linear Extrapolation Predict the number of occupied units when the rent is set at $555. (c) Linear Interpolation Predict the number of occupied units when the rent is set at $495.
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